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5 Written questions

5 Matching questions

  1. using technology lowers -
  2. corporation
  3. Why do Virginia and the United States pursue international trade
  4. In the circular flow, businesses buy resources to -
  5. why states and nations trade
  1. a
    to increase wealth
  2. b a form of business organization that is authorized by law to act as a legal person regardless of the number of owners
  3. c make products
  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 the cost of production

5 Multiple choice questions

  1. investment
  2. private financial institutions
  3. worldwide markets in which the buying and selling of goods and services by all nations takes place
  4. provide public goods and services
  5. form of business organization with two or more owners whi share the risks and the profits

5 True/False questions

  1. how do private financial institutions encourage saving
    - banks
    - savings and loans
    - credit unions


  2. An innovation in technology that contributes to the global flow of informationInternet


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


  4. types of business ownership- proprietorship
    - partnership
    - corporation


  5. In the circular flow, businesses use their profits to -buy more resources