Question
Part II: Applying the Model Directions: Match the following description to the correct place on the Circular Flow Model.Identify with the letter (same ones used
Part II: Applying the Model
Directions: Match the following description to the correct place on the Circular Flow Model.Identify with the letter (same ones used in #7).
1._____David buys a book at Barnes and Noble for $12.99.
2._____Amazon hires 100 new delivery drivers at its Columbus facility.
3._____The National Park Service creates two new campgrounds in Yellowstone National Park.
4._____Buttercup makes decorative masks for her independent business she runs on Etsy.
5._____Kyle pays his federal income tax.
6._____Resch's Bakery makes $10,000 from their donut sales.
7._____Jane posts her resume online featuring her marketing skills and experience.
8._____Mark and Janet budget 60% of their monthly spending towards groceries for their food truck business.
Part III: True/False
1._____Government buys resources and households buy resources.
2._____The product market determines the salary of the C.E.O. of a firm.
3._____The resource market determines the price per acre of farmland.
4._____Goods and services flows are clockwise.
5._____The product market determines the price of a computer.
6._____ Money flows are clockwise.
7._____ Firms sell resources in the resource markets.
8._____ Government buys products, and firms sell products.
9._____ The resource market determines the price of soda-bottling equipment.
10._____The resource market determines the price of soda.
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