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5 Written Questions

5 Matching Questions

  1. why states and nations trade
  2. Why do Virginia and the United States pursue international trade
  3. Government uses tax revenue to -
  4. In the circular flow, businesses use their profits to -
  5. proprietorship
  1. a provide public goods and services
  2. b
    to increase wealth
  3. c buy more resources
  4. d - 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
  5. e form of business organization with one owner who takes all the risks and all the profits

5 Multiple Choice Questions

  1. contribute to the global flow of information, capital, goods and services
  2. make products
  3. a form of business organization that is authorized by law to act as a legal person regardless of the number of owners
  4. the cost of production

  5. purchase products

5 True/False Questions

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

          

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

          

  3. entrepreneura form of business organization that is authorized by law to act as a legal person regardless of the number of owners

          

  4. In a corporation, owner liability is limited to -buy more resources

          

  5. types of business ownershipform of business organization with one owner who takes all the risks and all the profits

          

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