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Worksheets

The Market System

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

The total of all consumers in the economy is known as?

a)

Financial Sector

b)

Business Sector

c)

Household Sector

d)

Government Sector

2.

The total of all producers in the economy is known as?

a)

Financial Sector

b)

Business Sector

c)

Household Sector

d)

Government Sector

3.

Banks and other financial intermediaries are a part of which sector?

a)

Financial Sector

b)

Business Sector

c)

Household Sector

d)

Government Sector

4.

Taxes and rates are a part of which sector?

a)

Financial Sector

b)

Business Sector

c)

Household Sector

d)

Government Sector

5.

The definition of a consumer is?

a)

Some who makes/sells goods and services.

b)

Some who buys/uses goods and services.

c)

A product that is created to be sold.

d)

Something someone does for you.

6.

The definition of a good is?

a)

Some who makes/sells goods and services.

b)

Some who buys/uses goods and services.

c)

A product that is created to be sold.

d)

Something someone does for you.

7.

The definition of a producer is?

a)

Some who makes/sells goods and services.

b)

Some who buys/uses goods and services.

c)

A product that is created to be sold.

d)

Something someone does for you.

8.

The definition of a service is?

a)

Some who makes/sells goods and services.

b)

Some who buys/uses goods and services.

c)

A product that is created to be sold.

d)

Something someone does for you.

9.

Bringing goods in from overseas.

a)

Labour

b)

Investment

c)

Export

d)

Import

10.

Selling goods to countries overseas.

a)

Labour

b)

Investment

c)

Export

d)

Import

11.

The work employees do for a business.

a)

Labour

b)

Investment

c)

Export

d)

Import

12.

Spending money to help run a business.

a)

Labour

b)

Investment

c)

Export

d)

Import