EK Check-Circular Flow

Last updated over 5 years ago
10 questions
Note from the author:
Circular Flow
Match the number of the circular flow to the contextual example. Type N/A if the statement does NOT suggest economic activity.
1

You placed a pair of retro sunglasses into your eBay shopping cart.

1

You complete the eBay order by paying for your eBay account with Paypal.

1

Since those retro glasses are all the rage, the manufacturer of the glasses....'Sir Glass-A-Lot' just purchased some high end, Indonesian plastic!

1

While you are trying to look stylish in your retro glasses and halfway around the world, Kartika, lives in Central Java, Indonesia, where she works as a plastic plant laborer.

1

The Indonesian manufacturer, 'EnviroPlastic Forever' forwarded the a standard minimum wage monthly paycheck (converted $82 American) and a bonus (converted $10 American) to its workers for working during the recent Indonesian Labour Day, May 1st!!!!

1

Kartika picks up her paycheck at the personnel office.

1

One of the Indonesian workers, Kartika, purchases food and drinks for a late holiday celebration with her family.

1

The market where Kartika went food shopping, sent some revenue to the local farmers for some of their produce.

1

The local farms, being all out of fruit inventory, start selling grubs and other edible insects instead.

1

Having wild success with insects, farmers start to reap mass amounts of bug revenue from Kartika!