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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
government businesses
B
households
C
firms
D
businesses
2) all businesses
A
government
B
workers
C
households
D
firms
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
taxes
B
consumer expenditure
C
wages
D
firms
5) the money firms spend on labor
A
rent
B
wages
C
dividens
D
consumer expenditures
6) Which of the following is NOT an expenditure of businesses?
A
wages
B
consumer expenditure
C
rent
D
dividends
7) How do households get money to purchase good from firms (according to economic flow)
A
rent
B
government
C
firms sell labor to households
D
households sell their labor to firms
8) Firms sell products to households, and households sell human resources to firms.
A
True
B
False
9) households sell products to firms, and firms sell human resources to households.
A
True
B
False
10) Which best descibes economic flow
A
circular flow
B
triangle trade
C
bilateral
D
rectangular
11) Government taxes suck money out of the economic flow model
A
False
B
True
12) Government taxes
A
are recycled into the economy through public institution (school, police, etc)
B
lead to the destruction of money
C
only go to wealthy government officials
D
suck money out of economy
*select an answer for all questions
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