7 Social Studies Unit 6 American Money

_____ is actions of two or more rivals to sell or buy goods or services.

• entrepreneur

• economy

• competition

• budget

_____ is a person who takes a risk to start a new business and try new ideas.

• entrepreneur

• credit

• U.S. Treasurer

• incentive

_______ is the production and use of goods and services within a society.

• budget

• incentive

• money supply

• economy

Which kind of economy....????

• budget

• incentive

• money supply

• economy

______ is the total amount of money available in the national economy.

• deficit

• money supply

• budget

• economy

_____ is something that encourages a person to make a choice or take action, particularly in business.

• incentive

• opportunity cost

• economy

• competition

______ is the amount of expenses that exceed income. This includes credit and loans.

• competition

• budget

• deficit

• profit

______ is a plan or record of income and expenses.

• competition

• budget

• deficit

• profit

______ is an arrangement where a buyer obtains goods or services but pay for it later or over time.

• budget

• profit

• deficit

• credit

The _____ is responsible for printing currency, issuing securities, collecting taxes, and managing federal debt.

• U.S. Treasury

• U.S. Department of Defense

• The White House

• Congress