NAME: ________________________

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5 Written Questions

5 Matching Questions

  1. corporation
  2. In the circular flow, businesses use their profits to -
  3. Government uses tax revenue to -
  4. Why do Virginia and the United States pursue international trade
  5. how do private financial institutions encourage saving
  1. a buy more resources
  2. b by paying interest on deposits
  3. c a form of business organization that is authorized by law to act as a legal person regardless of the number of owners
  4. d provide public goods and services
  5. e
    to increase wealth

5 Multiple Choice Questions


  1. - banks
    - savings and loans
    - credit unions
  2. - 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. form of business organization with one owner who takes all the risks and all the profits
  4. Internet
  5. private financial institutions

5 True/False Questions

  1. In the circular flow, individuals use their income to -
    purchase products

          

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

          

  3. using technology lowers -the cost of production

          

  4. partnershipform of business organization with one owner who takes all the risks and all the profits

          

  5. In the circular flow, businesses buy resources to -make products

          

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