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4 Written questions

3 Multiple choice questions

  1. Trading goods and services with people for other goods and services or money
  2. any setting where buyers and sellers exchange goods, services, resources, and currencies
  3. people whose wants are satisfied by using goods and services

3 True/False questions

  1. partnershipthe direct trading of goods and services between people without the use of money


  2. sole proprietorship1 business owner


  3. competitionTechniques used by businesses to gain more customers and to earn higher profits