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Circular Flow Model & Interdependence Flashcards | StudBud
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Circular Flow Model & Interdependence
Circular Flow Model & Interdependence
25 terms
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StudBud Administration
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540 plays
#economics #circularflow #interdependence #realflow #moneyflow
Flashcards
25 cards
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Questions
25
Answers
1
What does the government request when any type of income is earned?
Taxes
Incentives
Interest
Loans
2
Why does our government tax citizens and businesses?
to provide scholarships to the Electoral College
to provide public goods & services
to control more natural resources
to open up more financial institutions
3
The MONEY flow from Households to the Finance sector is
investment loans
savings
payments for good and services
transfer payments
4
Interdependence is...
two-way reliance
really important
a big word
two-way independence
5
The five sectors of the circular flow model are...
Household, Producer, Finance, Apple Corporation, Overseas
Household, Producer, Finance, Government, Factor
Producer, Finance, Government, Overseas
Household, Producer, Finance, Government, Overseas
6
In return, what do businesses give to households and individuals?
Income
Taxes
Interest
Labour
7
What do households & individuals provide to businesses?
Taxes
Income & Taxes
Interest
Labour & Resources
8
What are injections in terms of a circular flow model?
Savings
Doctors give it
Money being put into the circular flow
Money taken out of the circular flow
9
The MONEY flow from Households to Producers is
transfer payments
savings
investment loans
payments for good and services
10
The impact of increased tourism to NZ on the financial sector could be...
All of these
An increase in investment loans to firms due to more profits
An increase in savings due to increased employment
Increased spending on hospitals
11
The impact on the financial sector of a decrease in income tax could be
An increase in GST
An increase in savings from consumers
An increase in import payments
an increase in export receipts
12
The MONEY flow from Producers to the Finance sector is...
interest on savings
import payments
export receipts
repayment of investment loans
13
The MONEY flow from the Government sector to Households is
investment loans
transfer payments
savings
payments for good and services
14
Name the term for money being taken out from the circular flow model?
Withdrawals
Withstand
Minus
Takeouts
15
The MONEY flow from the Overseas sector to Producers is...
interest on savings
export receipts
repayment of investment loans
import payments
16
The impact of increased tourism to NZ on the Government could be...
An increase in GST earned
An increase in income tax earned
Decreased spending on schools
All of these
17
The impact on consumers of a decrease in income tax could be...
An increase in saving
An increase in disposable income
An inrease in consumer spending
All of these
18
The MONEY flow from the Finance sector to Households is
export receipts
repayment of investment loans
import payments
interest on savings
19
Which place can an individual or business go to for a loan?
Resource Market
Security Brokerage
Financial Institution
Product Market
20
The impact of increased tourism to NZ on producers could be...
An increase in sales and revenue
An increase in GST paid to the Government
An increase in the number of people they employ
All of these
21
What are households & individuals hoping to gain when they visit businesses?
Labour and Interest
Goods and/or Services
Poor Service & Goods
Taxes
22
The impact of increased tourism to NZ on consumers could be...
An increase in employment
An increase in income earned
All of these
Increased spending due to increased income and employment
23
The MONEY flow from the Finance sector to Producers is
investment loans
savings
payments for good and services
transfer payments
24
The MONEY flow from Producers to the Overseas sector is...
repayment of investment loans
interest on savings
import payments
export receipts
25
Money you earn from a bank when you deposit money into a bank's savings account?
Interest
Savings bond
Loan
Opportunity Cost
