Economics CE12

Question 1

what type of business ownership is this?

Accepted Answer

corporation

Question 2

worldwide markets in which the buying & selling of goods & services by all nations takes place

Accepted Answer

Global Economy

Question 3

which does not show an example of a private financial instututions

Accepted Answer

receive loans and make deposits

Question 4

A form of business organization with two or more owners who share the risks and the profits

Accepted Answer

partnership

Question 5

private financial institutions encourage savings and investing by ___ on deposits

Accepted Answer

paying interest

Question 6

Virginia and the US pursue international trade in order to increase?

Accepted Answer

wealth

Question 7

which of the following represents #1?

Accepted Answer

resources

Question 8

which do these characteristics describe?

Accepted Answer

entrepreneur

Question 9

governments use tax revenue from individuals and businesses to provide __and ___

Accepted Answer

services/ goods

Question 10

In the economics flow of money, the money the government receives is called

Accepted Answer

tax revenue

Question 11

Why do VA and the US specialize in the production of certain goods and services

Accepted Answer

to promote efficiency and growth

Question 12

A form of business organization with one owner who takes all the risks and all the profits

Accepted Answer

proprietorship

Question 13

___ contribute to the global flow of information, capital goods, and services

Accepted Answer

technological innovations

Question 14

All of the following are types of business ownership EXCEPT

Accepted Answer

central ownership

Question 15

which of the following earns interest?

Accepted Answer

money in a savings account

Question 16

What best describes #2 in the picture?

Accepted Answer

products

Questions 16