The Principal Of Circular Flow Quiz

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1. Which of the following is attached to households on the circular flow diagram

Explanation

goods and services comes after as well as into households on the circular flow path.

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About This Quiz
The Principal Of Circular Flow Quiz - Quiz

This is a quiz that will test your knowledge on the principal of circular flow.

2. Which of the following is part of the circular flow diagram

Explanation

resources can be found on the circular flow diagram. It is part of labor and spending.

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3. Circular flow only moves in one direction, with little to no leakages in the market.

Explanation

money comes into and out of the market constantly, whether people are pulling money out of banks, government is taking tax revenue, or currency is being added. Circular flow also must move backward and forward in order to prevent the economy from backing up.

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4. What are the firms responsible putting out into the market?

Explanation

"goods and services" are put out into the economy for households to consume, in the form of wages and products.

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5. BLANK is part of the household "goods and services" section of the diagram

Explanation

wages and products are the components of "goods and services". It is the responsibility of the "goods and services" to add wages and products for households to consume

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  • Mar 22, 2010
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Which of the following is attached to households on the circular flow...
Which of the following is part of the circular flow diagram
Circular flow only moves in one direction, with little to no leakages...
What are the firms responsible putting out into the market?
BLANK is part of the household "goods and services" section of the...
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