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Circular Flow Flashcards | StudBud
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Circular Flow
Circular Flow
6 terms
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StudBud Administration
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116 plays
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Flashcards
6 cards
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Practice quiz
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Host live
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Questions
6
Answers
1
Tim spent $500 on a new TV at the Big Screen store.
From the firm to the resource market
From the product market to the firm
From the household to the product market
From the resource market to the firm
2
Households receive payment in the form of rent for their...
land
labor
entrepreneurship
capital
3
Households receive payment in the form of wages for their...
entrepreneurship
land
labor
capital
4
A positive incentive is given when you are punished for doing something.
True
False
5
Timberland, Inc. sold boots at Potomac Mills Mall.
From household to product market
From firms to product market
From firms to resource market
From resource market to firm
6
Businesses receive a/an _____________ payment from the product market.
interest
income
revenue
rent
