Circular Flow Model Vocab Review
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Last updated 4 months ago
10 questions
1
What two roles do households play in the Circular Flow Model?
What two roles do households play in the Circular Flow Model?
1
In the Circular Flow Model, businesses provide which two items to households?
In the Circular Flow Model, businesses provide which two items to households?
1
Which two components are part of the money flow in the Circular Flow Model?
Which two components are part of the money flow in the Circular Flow Model?
1
What two transactions occur in the resource market?
What two transactions occur in the resource market?
1
Which two of these are factors of production?
Which two of these are factors of production?
1
Which two elements describe real flow in the Circular Flow Model?
Which two elements describe real flow in the Circular Flow Model?
1
In the product market, households do what two activities?
In the product market, households do what two activities?
1
What two things do businesses aim to achieve in the Circular Flow Model?
What two things do businesses aim to achieve in the Circular Flow Model?
1
Which two actions are taken by households regarding income?
Which two actions are taken by households regarding income?
1
In the Circular Flow Model, what flows from households to businesses?
In the Circular Flow Model, what flows from households to businesses?