Home Library Explore SAT

Home Library Explore SAT

Circular Flow Review Flashcards | StudBud

Explore/Circular Flow Review

Businesses buy resources in the?

Households buy finished goods in which market?

Circular Flow Review

9 terms·StudBud Administration·600 plays

Circular Flow Review

Flashcards9 cardsFPractice quizPHost liveL

Questions 9

Answers

1
Households buy finished goods in which market?
Factor
Product
2
Businesses buy resources in the?
Product Market
Factor Market
3
George pays for his new pair of shoes.
1
8
6
4
4
Land, labor, capital, entrepreneurship.
3
1
8
5
5
McDonald's Pays Farmer Nick for his potatoes.
6
3
7
2
6
John receives a new phone from the Apple store
1
5
4
8
7
Consumer spending
6
1
8
3
8
Wage, rent, profit, income
5
8
2
4
9
Farmer Nick Sells potatoes to McDonald's
1
5
8
4