Georgia Studies Weekly Economic Sectors Assessment

According to the article, Credit and Debt, which of these statements apply to credi and debt?

HINT: CHOOSE 3 Answers

• Credit typically comes with a payment plan.

• Debt us usually easy to get out of.

• Credit is a way to borrow money.

• Banks offering credit mak money by charging interest.

In the article, Consumers and Producers, What is the purpose of an advertisement?

• To get poeple, or consumers, to want to buy a companies product.

• To increase the price of a product
• To decrease the demand for a product
• To discourage consumers from buying a product

The article, Budgeting , tells us that a plan of how to manage your money is called a _____________.

• Investment
• Savings
• Budget
• Expense

According to the article, Budgeting, what are the two main ideas of a budget?

Hint: Choose 2 answers

• how much money is going in

• how much money is going out

• how much credit you have

• how much debt you have

According to the article, Four Fabulous Functions, which sector is responsible for collecting taxes that are used to provide goods and services that private businesses can't or don't provide?

• Household Sector

• Banking Sector

• Government Sector

• Business Sector

According to the article, Four Fabulous Functions, which sector is made up of banks, credit unions, and other financial institutions?

• Household Sector

• Banking Sector

• Government Sector

• Business sector

According to the article, Four Fabulous Functions, which sector uses resources to produce goods and services, which they sell to the houshold and government sectors?

• Household sector

• government sector

• banking secor

• business sector

According to the article, Four Fabulous Functions, which sector are you a member of?

• Household Sector

• Banking Sector

• Governmnent Sector

• Business Sector

According to the article, What is a Personal Economic Choice?, what is a personal economic choice?

• A personal economic choice is a decision made by an individual about what to do with their money or financial resources

• A personal economic choice is a decision made by a company about their financial strategies
• A personal economic choice is a decision made by a government about their economic policies
• A personal economic choice is a decision made by a non-profit organization about their fundraising strategies

According to the article, The U.S. Economy, what drives our economy in the United States?

• Consumer spending

• Government regulations
• Exports
• Natural resources