Circular Flow

Circular Flow

Assessment

Assessment

Created by

A. Koester

Social Studies

9th - 12th Grade

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47 questions

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1.

Multiple Choice

1 min

1 pt

Media Image

Point B represents

Product Market

Factor Market

Individuals

Businesses

2.

Multiple Choice

30 sec

1 pt

What are the four main parts of the circular flow diagram?

Product Market, Stock Market, Factor Market, Fish Market

Product Market, House Market, Factor Market, Good Market

Factor Market, Product Market, Households, Firms

Factor Market, households, Stock Market, super market

3.

Multiple Choice

30 sec

1 pt

Media Image

What does point A represent on the Circular flow diagram?

Households

Businesses

Factor Market

Product Market

4.

Multiple Choice

1 min

1 pt

Where are factors of production (land, labor, etc) exchanged in the circular flow model?

Factor Market

Product Market

Firms

Individuals

5.

Multiple Choice

30 sec

1 pt

Where do factors of production (land, labor, etc) come from in the circular flow model?

Factor Market

Product Market

Firms

Individuals

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