Economics: Circular Flow
Assessment
•
Tracy Dozier
•
Social Studies
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9th - 12th Grade
•
1K plays
•
Medium
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14 questions
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1.
Multiple Choice
Point B represents
Product Market
Factor Market
Individuals
Businesses
2.
Multiple Choice
What does point A represent on the Circular flow diagram?
Households
Businesses
Factor Market
Product Market
3.
Multiple Choice
Where are factors of production (land, labor, etc) exchanged in the circular flow model?
Factor Market
Product Market
Firms
Individuals
4.
Multiple Choice
What does point C represent on the Circular Flow diagram?
Firm
Factor Market
Individual
Product Market
5.
Multiple Choice
A person stocks shelves at a grocery store and receives a wage. They have completed an exchange in which part of the circular flow model?
Individuals
Businesss
Factor Market
Product Market
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