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5 Written Questions

5 Matching Questions

  1. An innovation in technology that contributes to the global flow of information
  2. These act as intermediaries between savers and borrowers
  3. proprietorship
  4. partnership
  5. global economy
  1. a form of business organization with two or more owners whi share the risks and the profits
  2. b worldwide markets in which the buying and selling of goods and services by all nations takes place
  3. c form of business organization with one owner who takes all the risks and all the profits
  4. d Internet
  5. e private financial institutions

5 Multiple Choice Questions

  1. by paying interest on deposits
  2. person who takes a risk to produce goods and services in search of profit
  3. the cost of production
  4. - 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. a form of business organization that is authorized by law to act as a legal person regardless of the number of owners

5 True/False Questions

  1. Government uses tax revenue to -provide public goods and services

          

  2. In the circular flow, businesses use their profits to -make products

          

  3. examples of private financial institutions
    - banks
    - savings and loans
    - credit unions

          

  4. In the circular flow, individuals use their income to -buy more resources

          

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

          

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