stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
The United States Economy Flashcards | StudBud
Explore
/
The United States Economy
The United States Economy
15 terms
·
StudBud Administration
·
739 plays
CE.12 A & B
Flashcards
15 cards
F
Practice quiz
P
Host live
L
Questions
15
Answers
1
A corporation is a business that's allowed by law, regardless of how many owners, to act as
a board of directors
a sole propietorship
a source of income
a legal person
2
Sole proprietorship, Partnership, and Corporation are three ways to earn _____?
Income
Profit
Wages
Resources
3
TWO OR MORE OWNERS...
entrepreneurship
corporation
proprietorship
partnership
4
What do we call the continuous flow of resources, goods & services, and money?
circular flow
the circle of bank
getting paid
circle of flows
5
Buying more resources with profits is...
something that businesses do
something that a public service does
something the fox would say
something that the President (government) does
6
A person who takes a risk to produce goods and services in search of profit is
an Entrepreneur
an Entre du Pont
an Economist
an Equilibrium
7
What do households (individuals) sell to businesses?
natural resources
capital resources
all of the above
human resources
8
In which form of business is owner liability limited to investment?
corporation
entrepreneurship
proprietorship
partnership
9
In the U.S. economy, what flows continuously among households, businesses and markets?
resources, goods, and services
earth, wind, and fire
proprietorship, corporation, and partnership
human, capital, and natural
10
Governments use ___ ___ from individuals and businesses to provide public goods and services
wages & income
tax revenue
scare tactics
profit & loss
11
How can you become a part-owner of a corporation?
stop talking in Civics & Economics class
open up your own business
fill out an application
purchase stocks or shares
12
All of the following are examples of public goods and services except...
a park
a school
a bank
a city library
13
In this business organization, the owner takes all the risks and receives all the profits
Partnership
Proprietorship
Corporation
Propensity's Ship
14
This business organization is the
least
risky of all?
entrepreneurship
proprietorship
corporation
partnership
15
In the U.S. economy, what do businesses provide for households?
all of the above
goods and services to buy
wages & income
insurance (health)
