Economic Flow, Public Goods & Services, Global Economy

Shows how money of consumers, businesses, and government interacts with each other

• Financial Capital
• Public Goods and Services
• Circular Flow Model
• Tax Revenue Model

The use of technology increases the cost of production.

• True
• False

Business and Individuals are taxed by the government.

• True
• False

Which of the following is not a way that the government pays for public goods and services?

• Tax revenue
• Borrowed funds
• Fees
• None of the above

Which of the following is an example of a public goods or service?

• BB&T Banks
• Franklin County Public Schools
• Walmart
• Local Restaurants

Which of the following is not a reason that VA and the U.S. trade with others?

• To decrease unemployement in other countries
• To get goods and services that they cannot produce
• To buy goods and services cheaper
• To create jobs

Virginia and the United States specialize in producing certain goods and services. This helps to grow their economy.

• True 
• False

What is the most common resource that individuals sell to businesses?

• Captial
• Natural
• Entrepreneurship
• Human (Labor)

Public goods and services provide benefits to many citizens simultaneously.

• True
• False

Which of the following is not a public good or service?

• Banks
• Army
• Navy
• Fire Departments