Chapter 4 Test Review

When there is a rise in the prices of many goods and services it is called:

• incentives

• advertising

• inflation

The amount of a product that businesses have to sell is the:

• incentive

• supply

• demand

The type of money used in a particular place is the:

• currency

• income

• export

Banks pay people with a savings account a fee called ________________.

• profit

• barter

• interest

True or False: The government decides what goods or services to sell in a free market system.

• True

• False

True or False: Opportunity Cost is the money a business has left over after it pays all its costs.

• True

• False

True or False: Exports are goods that are shipped to another country to be sold.

• True

• False

Which choice shows a capital resource?

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Which shows an advertisement with a nonmonetary incentive?

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• 
• 

Choose ALL of the NEEDS below:

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