Question : The flow of factor services from households to firms and corresponding flow of goods and services from firms to household. This mechanism is known as _____________.  

Option 1: Real flow

Option 2: Money flow

Option 3: Stock

Option 4: None of these.

Question : Enterprises combines factors of production to produce goods and services. Factors of production involves __________________________. 

Option 1: Land and labour

Option 2: Capital and entrepreneurs

Option 3: Land, labor, capital and entrepreneurs

Option 4: Land and entrepreneurs

Question : In the circular flow of income, households are the ______ of factors of production and ______ of goods and services.

Option 1: producers, consumers

Option 2: suppliers, consumers

Option 3: consumers, producers

Option 4: consumers, suppliers

Question : In the circular flow of income, firms are the ______ of goods and services and ______ of factors of production.

Option 1: consumers, producers

Option 2: suppliers, consumers

Option 3: producers, consumers

Option 4: consumers, suppliers

Question : Barter exchange is also known as
 

Option 1: C-C economy
 

Option 2: B-B economy
 

Option 3: D-D economy
 

Option 4: A-A economy