Title: QUIZ: Circular Flow Model -- Economic Lowdown Video Series
Course: Recommended Resources for AP Macro from FRE > Section: Unit 2: Economic Indicators and the Business Cycle

Q: Ultimately, who owns all economic resources?
- Households
- Businesses
A: Households

Q: In which market would a producer buy the equipment and technology needed to manufacture bicycles?
- Market for resources
- Market for goods and services
A: Market for resources

Q: In which market would a producer sell bicycles to consumers?
- Market for resources
- Market for goods and services
A: Market for goods and services

Q: What helps the resources and goods and services more around the circular flow?
- Labor
- Land
- Capital
- Money
A: Money

Q: In which market would a household buy the food they need to make dinner?
- Market for resources
- Market for goods and services
A: Market for goods and services

Q: What payment do businesses receive for the goods and services they sell in the market for goods and services?
- Income
- Revenue
- Costs of production
A: Revenue

Q: Which of the following is not an economic resource?
- Entrepreneurial ability
- Land
- Capital
- Money
A: Money

Q: In which market do households sell their labor?
- Market for resources
- Market for goods and services
A: Market for resources

Q: What payment do households receive for providing resources in the market for resources?
- Income
- Revenue
- Costs of production
A: Income