CE 12 Vocabulary

CE 12 Vocabulary

Assessment

Flashcard

Other

7th - 8th Grade

Easy

Created by

Angela Harris

Used 15+ times

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

A business or organization that takes in deposits of money, and uses that money to make loans.

Back

Bank

2.

FLASHCARD QUESTION

Front

Consumers determine through purchases what goods and services will be produced.

Back

Consumer Sovereignty

3.

FLASHCARD QUESTION

Front

Business organization that is authorized by law to act as a legal entity regardless of the number of owners.

Back

Corporation

4.

FLASHCARD QUESTION

Front

A type of bank open only to members of a sponsoring group, such as an employer.

Back

Credit Union, credit union

5.

FLASHCARD QUESTION

Front

The amount of a good or service that consumers are willing and able to buy at different prices

Back

Demand

6.

FLASHCARD QUESTION

Front

A way of visualizing and categorizing activity within an economy that shows the continuous flow goods, services, resources, and money

Back

Circular Flow

7.

FLASHCARD QUESTION

Front

What best describes an entrepreneur?

Back

A person who takes a risk to produce and sell goods and services in search of profit

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