VA Civics SOL 11 and 12

Individuals use income to ______ products from businesses.

If you are a doctor, and your child must be a doctor, you probably live in a _______ economy.

What type of economy do you have the same job as your parents?

Using goods is called

Every country must develop a (an) ____ to determine how to use its limited productive resource.

What is a proprietorship?

What are incentives?

What type of economy involves consumer sovereignty

What determines the cost of the product?

What type of economy did Hitler run?

Which is an example of a private financial institution?

What is a business run by 2 people called?

Which reason is NOT a reason nations trade?

Which one of these countries does NOT have a command economy?

________ a person who takes a risk to produce and sell goods and services in search of a profit

How do financial institutions make the deposits of savers available to borrowers?

What is the #1 thing that determines the type of economy?

what two things are owners and decision makers for the private sector?

Lisa and Tesia own a bracelet business. If something happens they share responsibility.

Governments use _________ from individuals and businesses to provide public goods and services.

What are ways that producers persuade consumers?

if you have a kid in a traditional economy your child will?