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5 Written questions

5 Matching questions

  1. why states and nations trade
  2. In the circular flow, individuals use their income to -
  3. using technology lowers -
  4. types of business ownership
  5. In the circular flow, businesses buy resources to -
  1. a make products
  2. b - to obtain goods and services they cannot produce
    - to obtain goods and services they cannot produce efficiently
    - to seel goods and services
    - to create jobs
  3. c
    purchase products
  4. d the cost of production
  5. e - proprietorship
    - partnership
    - corporation

5 Multiple choice questions

  1. form of business organization with one owner who takes all the risks and all the profits
  2. buy more resources
  3. contribute to the global flow of information, capital, goods and services

  4. to increase wealth
  5. by paying interest on deposits

5 True/False questions

  1. In a corporation, owner liability is limited to -make products

          

  2. examples of private financial institutionsby paying interest on deposits

          

  3. In the circular flow, individuals own -
    purchase products

          

  4. global economyperson who takes a risk to produce goods and services in search of profit

          

  5. An innovation in technology that contributes to the global flow of informationcontribute to the global flow of information, capital, goods and services

          

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