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5 Written questions

5 Matching questions

  1. using technology lowers -
  2. In the circular flow, businesses use their profits to -
  3. In the circular flow, businesses buy resources to -
  4. global economy
  5. An innovation in technology that contributes to the global flow of information
  1. a buy more resources
  2. b the cost of production
  3. c worldwide markets in which the buying and selling of goods and services by all nations takes place
  4. d Internet
  5. e make products

5 Multiple choice questions

  1. - 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. private financial institutions
  3. form of business organization with one owner who takes all the risks and all the profits
  4. provide public goods and services

  5. to increase wealth

5 True/False questions

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


  2. how do private financial institutions encourage savingby paying interest on deposits


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


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


  5. entrepreneurform of business organization with two or more owners whi share the risks and the profits