Junior Achievement BizTown Days 1 and 2

A member of a town, city, county, state, or country is called what?

• person
• representative
• citizen
• human

What is someone that buys and uses services and goods called?

• producer
• citizen
• entrepreneur
• consumer

The amount left over from your paycheck after taxes and deductions is called:

• balance
• gross balance
• net pay
• transaction

Due to scarcity, people can't have all the things they want.

• true 
• false

Businesses produce goods and services for citizens, who in turn supply labor and other resources to the businesses.

• true
• false

Who pays for public goods and services?

• philanthropists
• only people who use them
• government
• taxpayers

Which is NOT true of public goods and services?

• shared by everyone
• only given to the needy
• are paid for by taxes
• no one is prevented from using them

Someone that uses resources to start a business is called what?

• producer
• entrepreneur
• consumer
• citizen

A company that sells goods or services.

• Business

• Free enterprise

• Goods

• Natural resources

A system in which economic decisions are made in markets by people and businesses, with little government influence.

• Business

• Free enterprise

• Goods

• Natural resources