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