Economics

Front

Which term below is another word for the economics term "entrepreneur"? Options: employee, home owner, business owner, student

Back

business owner

Front

When a bank makes a loan, where does most of that money come from?

Back

other customers

Front

What is an advantage of having a checking account with a bank?

Back

Your money is safer there than it would be if you kept it at home.

Front

What are incentives?

Back

motivators or reasons for doing something

Front

What is the primary role of businesses in providing goods and services?

Back

to produce and distribute goods and services that satisfy a public need or demand

Front

How do most people make their primary income?

Back

earning wages from work

Front

What is the word for what a bank charges customers for borrowing money?

Back

interest

Front

Which of the following is NOT an example of a service? haircut, oil change, clothes, house cleaning

Back

clothes

Front

Which of the following is NOT an example of a good?
shampoo, gasoline, clothes

Back

guitar lessons

Front

How do households affect the economy?

Back

Households provide labor and drive demand based on their preferences.