35. Economic Flow Question Preview (ID: 50826)
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All consumers. The people that work and buy goods/services
a) households
b) firms
c) government businesses
d) businesses
all businesses
a) households
b) firms
c) workers
d) government
In economic flow, both firms and households are buying and selling.
a) True
b) False
c)
d)
the money households spend on goods and services
a) firms
b) taxes
c) consumer expenditure
d) wages
the money firms spend on labor
a) consumer expenditures
b) rent
c) dividens
d) wages
Which of the following is NOT an expenditure of businesses?
a) wages
b) rent
c) consumer expenditure
d) dividends
How do households get money to purchase good from firms (according to economic flow)
a) government
b) rent
c) households sell their labor to firms
d) firms sell labor to households
Firms sell products to households, and households sell human resources to firms.
a) True
b) False
c)
d)
households sell products to firms, and firms sell human resources to households.
a) True
b) False
c)
d)
Which best descibes economic flow
a) triangle trade
b) rectangular
c) circular flow
d) bilateral
Government taxes suck money out of the economic flow model
a) True
b) False
c)
d)
Government taxes
a) suck money out of economy
b) lead to the destruction of money
c) are recycled into the economy through public institution (school, police, etc)
d) only go to wealthy government officials
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