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 : The flow of money between firms and household is known as_________.

Option 1: Real flow

Option 2: Money flow

Option 3: Stock

Option 4: None of these.

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 money value of domestic product is known as ____________. 

Option 1: Domestic income

Option 2: National income

Option 3: Factor income

Option 4: None of these.

Question : Products that have alternative uses are known as:

Option 1: Substitute goods

Option 2: Complementary goods

Option 3: Comfort goods

Option 4: None of these