Circular Flow Model Flashcards

1

In exchange for final goods and services Firms receive __________ from Product Markets.

2

Borrowing and lending between nations is known as:

3

Land, labor, capital, and entrepreneurship are bought and sold in:

4

Identify number 2 in the model

5

Rent is paid by ________ to __________.

6

An arrangement that brings buyers and sellers together to do business is:

7

In exchange for Public Goods and Services, Households pay:

8

Identify number 3 in the model:

Circular Flow Model