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5 Written questions

5 Matching questions

  1. An innovation in technology that contributes to the global flow of information
  2. entrepreneur
  3. innovations in technology
  4. why states and nations trade
  5. In the circular flow, businesses buy resources to -
  1. a - 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. b person who takes a risk to produce goods and services in search of profit
  3. c Internet
  4. d make products
  5. e contribute to the global flow of information, capital, goods and services

5 Multiple choice questions

  1. form of business organization with two or more owners whi share the risks and the profits
  2. resources
  3. a form of business organization that is authorized by law to act as a legal person regardless of the number of owners

  4. to increase wealth
  5. buy more resources

5 True/False questions

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

          

  2. using technology lowers -the cost of production

          

  3. global economya form of business organization that is authorized by law to act as a legal person regardless of the number of owners

          

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

          

  5. examples of private financial institutionsby paying interest on deposits