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 ________ are the owners of factor of production and _______ produces goods and services.

Option 1: Households, firms

Option 2: Firms, households 

Option 3: Government, firms

Option 4: Foreign sector, government

Question : Flow of Goods and Services and factors of production across different sectors in a barter economy is known as:

Option 1: Circular Flow

Option 2: Real Flow

Option 3: Monetary Flow

Option 4: Capital Flow

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 : Which of the following series is true about energy flow in an ecosystem?

Option 1: Producers→ Decomposers→ Consumers

Option 2: Decomposers→ Consumers → Producers

Option 3: Producers→ Consumers→ Decomposers

Option 4: Consumers→ Producers→ Decomposers