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5 Written questions

5 Matching questions

  1. In the circular flow, businesses buy resources to -
  2. innovations in technology
  3. In the circular flow, businesses use their profits to -
  4. Why do Virginia and the United States pursue international trade
  5. In a corporation, owner liability is limited to -
  1. a
    to increase wealth
  2. b investment
  3. c make products
  4. d contribute to the global flow of information, capital, goods and services
  5. e buy more resources

5 Multiple choice questions

  1. worldwide markets in which the buying and selling of goods and services by all nations takes place
  2. the cost of production
  3. provide public goods and services
  4. - proprietorship
    - partnership
    - corporation
  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. why states and nations trade- 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

          

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

          

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

          

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

          

  5. examples of private financial institutionsby paying interest on deposits

          

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