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Duplicate of CE.12 The U.S. Economy Flashcards | StudBud
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Duplicate of CE.12 The U.S. Economy
Duplicate of CE.12 The U.S. Economy
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Flashcards
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Questions
15
Answers
1
Which of the following best explains the increase in this bank account's deposit amount?
Interest earned
Tax deductions
Lottery winnings
Stock dividends
2
In the Circular Flow Model, individuals sell ________ to businesses.
Resources
Taxes
Services
Goods
3
Which of the following does NOT flow through the economy?
goods
resources
stock
services
4
Why do states and nations trade with others?
to show why they are better than others
To create competition among other nations
To sell goods and services to other countries
To buy goods & services at a lower cost or alower opp. cost
5
What is the buying and selling of goods & services by all nations in a worldwide market called?
the United Nations
International Flow
the Global Economy
interdependence
6
A proprietorship is owned by-
two or more owners
stock holders
one owner
many owners
7
Which of the following is NOT a type of business?
Corporation
Proprietorship
Partnership
Entrepreneurship
8
Which Private Financial Institution keeps investors' money safe & allows people to borrow sums?
The Government
Banks
Savings & Loans
Credit Unions
9
Which type of business has the least amount of risk?
proprietorship
corporation
partnership
entrepreneurship
10
Private Financial Institutions act as ______ between savers and borrowers.
intermediaries
businesses
partners
unions
11
What term describes money you get to keep after all your expenses have been paid?
wages
profit
financial capital
interest
12
If a corporation fails, the owners' liability is limited to their-
income
investment
savings
property
13
The increased use of technology in business & trade have caused production costs to-
decrease
stay the same
increase
14
Governments use tax revenue from individuals and businesses to provide-
private financial institutions
public partnerships
business expansion
public goods and services
15
Which of the following is an example of a Private Financial Institution?
Public Goods and Services
Banks
Credit Unions
Savings and Loans