PBMF Fall Final Review

Select all the names for economic systems in the US

• private enterprise

• capitalism

• command market

• free enterprise

Scarcity means

• frightened little children

• not having enough resources to satisfy the need.

• having an abundance of resources.

• lost opportunity

Which of these companies does not provide a service?

• lawn service

• Community Impact Newspaper

• accounting services

• Dollar Store

Which of these companies provide goods?

• Dr. Nguyen

• HEB

• Charles Schwab Financial Services

• Supercuts

Intellectual properties include patents, trademarks, and ______.

• conflict

• copyrights

• soft skills

• sales tax

Select the forms of business ownership

• Sole-proprietorship

• Joint Venture

• Partnership

• Corporation

EPA stands for ________?

• Environmental Protection Agency

• Elegant People Agency

• Errands Property Authority

• Environmental Pollution Authority

The Environment Protection Agency monitors

• the environment and pollution

• government run businesses

• international business arrangements

• crimes against the government.

Initiative is when

• people are self directed and get things done.

• the government taxes imports

• the government taxes exports

• a penalty is assessed for as a late fee

Check all that apply for Gross Domestic Product

• tracked over a 1 year period

• tracked over 1 month

• total value of all final goods and services produced in a country.

• total value of goods produced in a country