| 1. | Outflow from a circular flow of income model. | A. | balance | |
| 2. | A government must ______ its leaks with inflows of cash. | B. | out | |
| 3. | Leakage occurs when income is taken ___ through taxes, savings and imports. | C. | leakage | |
| 4. | To ship (commodities) to other countries or places for sale, exchange, etc. | D. | imports | |
| 5. | Is a diagram that is used to represent the monetary transactions in an economy. | E. | largest | |
| 6. | In a closed circular income stream, money flows continuously from firms to ______. | F. | households | |
| 7. | To bring in (merchandise, commodities, workers, etc.) from a foreign country for use, sale, processing, reexport, or services. | G. | exports | |
| 8. | Net taxes are the second _____ cause of leakage in the circular flow of income in a system closed off from the rest of the world. | H. | cicular flow | |
| 9. | The science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. | I. | tax | |
| 10. | A sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc. | J. | economics |
C | 1. | Outflow from a circular flow of income model. | A. | balance |
A | 2. | A government must ______ its leaks with inflows of cash. | B. | out |
B | 3. | Leakage occurs when income is taken ___ through taxes, savings and imports. | C. | leakage |
G | 4. | To ship (commodities) to other countries or places for sale, exchange, etc. | D. | imports |
H | 5. | Is a diagram that is used to represent the monetary transactions in an economy. | E. | largest |
F | 6. | In a closed circular income stream, money flows continuously from firms to ______. | F. | households |
D | 7. | To bring in (merchandise, commodities, workers, etc.) from a foreign country for use, sale, processing, reexport, or services. | G. | exports |
E | 8. | Net taxes are the second _____ cause of leakage in the circular flow of income in a system closed off from the rest of the world. | H. | cicular flow |
J | 9. | The science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. | I. | tax |
I | 10. | A sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc. | J. | economics |