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35. Economic Flow
Test Description: SocialStudiesGames.net
Instructions: Answer all questions to get your test result.
1) All consumers. The people that work and buy goods/services
A
businesses
B
households
C
government businesses
D
firms
2) all businesses
A
government
B
firms
C
workers
D
households
3) In economic flow, both firms and households are buying and selling.
A
False
B
True
4) the money households spend on goods and services
A
firms
B
wages
C
consumer expenditure
D
taxes
5) the money firms spend on labor
A
consumer expenditures
B
dividens
C
rent
D
wages
6) Which of the following is NOT an expenditure of businesses?
A
rent
B
dividends
C
consumer expenditure
D
wages
7) How do households get money to purchase good from firms (according to economic flow)
A
households sell their labor to firms
B
government
C
rent
D
firms sell labor to households
8) Firms sell products to households, and households sell human resources to firms.
A
False
B
True
9) households sell products to firms, and firms sell human resources to households.
A
False
B
True
10) Which best descibes economic flow
A
bilateral
B
rectangular
C
triangle trade
D
circular flow
11) Government taxes suck money out of the economic flow model
A
True
B
False
12) Government taxes
A
lead to the destruction of money
B
suck money out of economy
C
are recycled into the economy through public institution (school, police, etc)
D
only go to wealthy government officials
*select an answer for all questions
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