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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
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Answers
1
Governments use tax revenue from individuals and businesses to provide-
public partnerships
public goods and services
private financial institutions
business expansion
2
If a corporation fails, the owners' liability is limited to their-
savings
property
investment
income
3
Private Financial Institutions act as ______ between savers and borrowers.
intermediaries
businesses
partners
unions
4
Which of the following best explains the increase in this bank account's deposit amount?
Interest earned
Stock dividends
Lottery winnings
Tax deductions
5
Why do states and nations trade with others?
To create competition among other nations
To sell goods and services to other countries
to show why they are better than others
To buy goods & services at a lower cost or alower opp. cost
6
Which of the following is an example of a Private Financial Institution?
Public Goods and Services
Banks
Savings and Loans
Credit Unions
7
Which Private Financial Institution keeps investors' money safe & allows people to borrow sums?
Savings & Loans
Banks
Credit Unions
The Government
8
Which of the following does NOT flow through the economy?
resources
stock
goods
services
9
What is the buying and selling of goods & services by all nations in a worldwide market called?
interdependence
the United Nations
the Global Economy
International Flow
10
In the Circular Flow Model, individuals sell ________ to businesses.
Services
Resources
Taxes
Goods
11
Which of the following is NOT a type of business?
Corporation
Entrepreneurship
Proprietorship
Partnership
12
Which type of business has the least amount of risk?
proprietorship
corporation
entrepreneurship
partnership
13
The increased use of technology in business & trade have caused production costs to-
stay the same
increase
decrease
14
A proprietorship is owned by-
stock holders
two or more owners
one owner
many owners
15
What term describes money you get to keep after all your expenses have been paid?
profit
wages
financial capital
interest
16
Which Private Financial Institution requires its customers to be members?
Proprietorship
Banks
Savings & Loan
Credit Union