Unit 9 Economics Quiz

Which of the following does not come from innovations in technology?

What is another word for individuals/householders?

Increased government involvement determines what?

VA and the United States specialize in the production of...

In circular flow, who owns the resources, sells the resources, & used profit to buy products?

What does individual and business saving and investments provide?

The use of technology lowers the cost of...

How many owners does a partnership business have?

Which type of economy does not allow competition and consumer choice?

Another word for producer in the circular flow of the economy is...

Why do nations and states trade?

Which of the following has a  business organization with ONE owner?

The owners of which type of business share the risks and the profits?

Who may establish a business according to any of the three types of organizational structures?

Who is a person who takes a risk to produce and sell goods and services in search of profit?

Which of the following is not produced in the U.S.?

In the Circular Flow of the Economy, individuals do all of the following except:

Which is not a product that Virginia specializes in?

type of economy allows competition, consumer sovereignty, private ownership, individual choice 

How many types of business structures are there?

What is a disadvantage of a Proprietorship business?

The most common form of business is the…

What is one advantage of Proprietorship?

Who buys the resources, makes products, then uses to profit to buy more resource?

What's special about Virginia?

What do consumers do with the resources?

How does the government use taxes?

What do resources, goods and services, and money flow among?

Who uses taxes from individuals and businesses to produce public goods and services?

Rice is specialized in Virginia...

From where does the government get taxes to provide public goods and services?

Another word for consumer in the circular flow of the economy is...

What do consumers use the income for?

Is the consumer portion of the flow chart on the top, bottom, left, right, or middle?

In circular flow of economy, where do the taxes from businesses and consumers go?

What is another name for individuals?

In the Circular Flow of the Economy, Businesses do all of the followingexcept:

When looking at the circular flow chart, what side is the taxes from businesses?

How to producers use there profit?

What is another word for "business" in the circular flow of the economy?

What kind of chart shows how money flows through businesses, consumers, and the government?

Which side of the Circular Flow chart is the "taxes from individuals"?

Sell stock/shares of ownership to raise more money is an advantage of which type of business?

What are the individual and business savingand investment borrowed for?

Which type of business is the most risky?

How do businesses use resources?

The type of economy a country has is determined by the...

All of the following are reasons that nations and states trade except:

What is an example of corporation?