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5 Written questions

5 Matching questions

  1. global economy
  2. In the circular flow, individuals own -
  3. In the circular flow, individuals use their income to -
  4. why states and nations trade
  5. using technology lowers -
  1. a worldwide markets in which the buying and selling of goods and services by all nations takes place
  2. b resources
  3. c the cost of production
  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
    purchase products

5 Multiple choice questions

  1. investment
  2. private financial institutions
  3. contribute to the global flow of information, capital, goods and services
  4. form of business organization with one owner who takes all the risks and all the profits
  5. form of business organization with two or more owners whi share the risks and the profits

5 True/False questions

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

          

  2. Why do Virginia and the United States pursue international 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

          

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

          

  4. In the circular flow, businesses buy resources to -buy more resources

          

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