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SOL Review CE 12

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8th Grade

Used 13+ times

SOL Review CE 12
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14 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Private financial institutions (banks, credit unions, etc.) receive _________ from savers and make _____________ for borrowers.

interest; deposits

loans; deposits

deposits; loans

trade; loans

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Factors of production (land, labor, capital, entrepreneur) are examples of _________. 

resources
stocks
opportunity cost
income

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

______ contributes to the global flow of information, capital, goods, and services. 

A newspaper
A consumer
Technology
Opportunity cost 

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The United States and Virginia pursue international trade to ________.

make friends
help workers in other countries
provide equal opportunities for U.S. workers
increase wealth

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Individuals sell __________ to businesses and in return individuals earn an __________.

profit, income
resources, products
resources, income
profit, individuals

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Money taken by the government from households or businesses is defined as....

Interest Rate

Money

Currency

Tax revenue

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Individuals buy __________ from businesses.

goods and services

profit

resources

income

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