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