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1. Which answers flow, clockwise and counterclockwise, in the circular flow model of the economy?

Choose exactly two answers that are correct.


A) productivity


B) goods and services


C) natural resources


D) money


2. Which sector is not part of the circular flow model of the economy?

A) business sector

B) consumer sector

C) market sector

D) government sector


3. Which effect does the division of labor have on the overall economy?

A) a decrease in the availability of good jobs

B) an increase in the level of productivity

C) an increase in the level of natural resources

D) a decrease in the country’s dependence on foreign trade

1 Answer

9 votes

Answer:

I think in question 1 its D and B. question 2's answer is C and question 3 is B (I think im not 100% sure for number 3)

Step-by-step explanation:

my reason is that these are the most logical thing in the circular flow chart.

my reason for number two is that its the only one I have not seen in the circular flow model of the economy. (and I learned I was wrong with my original answers that I changed cause I took the quiz while making this)

the reason for my answer in number 3 is cause dividing labor may have an increase in more level of productivity because the work is divided up so it can be done individually.

Ω Entity001

User Hkhan
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