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10b Trivia Circular Flow

10b Trivia Circular Flow. Newell.

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10b Trivia Circular Flow

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  1. 10b Trivia Circular Flow Newell

  2. In the circular flow between consumers (households) and businesses (producers) in the United States -A governments control the flow.B governments play no role.C governments use tax revenue to provide goods and services.D Governments never provide goods and services.

  3. Resources, goods and services, and money flow among households, business, and markets in the United States economy -A by Federal Reserve commandB continuously in a circular flowC by government command D occasionally by court order

  4. In the United States a person's income is taxed in order to provide -A stocks and bonds B charityC payoffs D goods and services

  5. The circular flow of economic activity includes interactions between all of the following EXCEPT -A households B businessesC incentives D government

  6. Which of the following terms best describes the United States economy today?A Communist system B MarketC Free enterprise D Traditional

  7. What is the most important source of capital for business expansion in the United States economy?A taxes paid by the governmentB opportunity costsC consumer sovereigntyD individual and business savings and investment

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