Young AmeriTowne Pre/Post Assessment

Front

The study of the waves people produce, distribute, and consume goods and services is the definition of:

Back

Economics

Front

Which if the following is not an example of the flow of money in an economic cycle? A business sells a product to a consumer, A business pays its employees for their work, A company goes out of business, A consumer buys goods from a business

Back

A company goes out of business

Front

Which business provides goods to consumers?

Back

Grocery store

Front

If bad weather causes most of the orange trees to die, the price of orange juice will probably rise.

Back

True

Front

For a business to be successful, it is important to know ...

Back

What consumers want to buy and how much they are willing to spend

Front

Which of the following is an example of a service? A jewelry store that sells a bracelet, A bank cashes a check for an account holder, A clothing store sells a t-shirt, A bookstore sells a book

Back

A bank cashes a check for an account holder

Front

What are the three branches of government?

Back

Executive, legislative, and judicial

Front

Your check register shows you have a checking account balance of $5.00. You have $2.00 in cash. You may...

Back

Use your debit card for $5.00 to the Sign and Print Shop for a bottle of magic ink.

Front

The prices for products in Young AmeriTowne are determined by

Back

Supply and demand for items

Front

Which business made a profit? Options: Snack Shop: expenses -- $280, sold $280 worth of food. , Sign and Print: expenses -- $315, sold $345 worth of signs and products. , TV station: expenses -- $253, sold $227 worth of advertising, Bank: expenses -- $476, made $467 in interest

Back

Sign and Print: expenses -- $315, sold $345 worth of signs and products.