GS Ch 3 Review

Front

What is a plan for using and spending money?

Back

personal budget

Front

What is a way a country uses and manages resources?

Back

economy

Front

When a country spends more on imports (in) than exports (out)?

Back

trade deficit

Front

Which word means "part ownership of a company"?

Back

stock

Front

What is the money left over after bills are paid?

Back

profit

Front

Which two key groups make up a free market economy?

Back

business owners and consumer

Front

A free market economy works because of what is available and how much people want to buy. This is called...

Back

supply and demand

Front

Why is it important to have a personal budget?

Back

to make sure you have enough money to pay bills and for emergencies

Front

What is the main goal of a business owner?

Back

to make a profit

Front

Mrs. Risser would like to open up a pizza restaurant. What does she need to do first to have enough money?

Back

get a loan