Econ 2

Private financial institutions make loans and receive

• donations

• deposits

• money for the government

• decisions for businesses

The person who takes risks to produce a good or service in search of a profit is a(n)

• corporation

• bureaucracy

• entrepreneur

• opportunity cost

The most common resource individuals sell to businesses

• human

• capital

• natural

• entrepreneurship

Which is NOT a type of business ownership?

• corporation

• partnership

• proprietorship

• economic flow

Factors of production, such as land, capital, human, labor, entrepreneurship, are examples of

• goods and services

• money

• resources

• opportunity cost

The government participates in the circular flow when it uses what to provide public goods and services?

• tax dollars

• manufacturing law

• the stock market

• legislation

What contributes to the global economic flow?

• internet

• opportunity costs

• radio

• magazines

Financial institutions act as an intermediary between savers and

• taxers

• borrowers

• real estate

• competition

Business organization that solely run by one individual

• proprietorship

• partnership

• corporation

• venture capitalist

What is the main difference between types of business organizations?

• number of owners

• government control

• position in the nation

• size