Unit 9 Test Review

Front

What is the correct term for the concept that describes the movement of goods and services in an economy? Options: Supply and Demand, Economic Flow (Circular Flow), Private Financial Institutions, Capital Resources

Back

Economic Flow (Circular Flow)

Front

The government uses tax revenues from individuals and businesses to—

Back

provide public goods and services.

Front

Banks and credit unions are—

Back

private financial institutions.

Front

Worldwide markets in which the buying and selling of goods and services by all nations, individuals, and businesses takes place is the—

Back

global economy.

Front

Back

Partnership

Front

What type of business ownership does Reggie have? Options: Corporation, Proprietorship, Partnership, Merger

Back

Proprietorship

Front

Back

Corporation

Front

A person who takes risks to produce goods and services in search of profits is—

Back

an entrepreneur.

Front

Back

Innovations in Technology

Front

Technological innovations such as the internet contribute to—

Back

the global flow of information, capital, goods, and services.