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JA Community And Economy Part 2
Test Description: JA
Instructions: Answer all questions to get your test result.
1) A situation in which people cannot have everything they want because of limited resources.
A
net pay
B
philanthropy
C
gross pay
D
scarcity
2) The effort to increase the well-being of people through charitable giving.
A
taxes
B
profit
C
resources
D
philanthropy
3) members of a town, city, county, state, or county. Citizens have certain rights and responsibility.
A
taxpayers
B
democracy
C
citizens
D
community
4) a model of the movement of goods, services, resources, and money in a economy
A
public services
B
profits
C
private goods
D
circular flow
5) the amount of money an employee earns BEFORE any taxes or other deductions are subtracted
A
gross pay
B
net pay
6) merchandise and skills offered in markets for a price
A
free enterprise
B
private goods and services
C
resources
D
entrepreneurs
7) a system in which economic decisions are made in markets by people and businesses, with little government influence.
A
resources
B
net pay
C
free enterprise
D
circular flow
8) a person who uses resources to start a business
A
citizens
B
community
C
entrepreneurs
D
democracy
9) the amount of money an employee receives AFTER taxes and other deductions are taken from a paycheck.
A
net pay
B
gross pay
C
profit
D
free enterprise
10) the people and things needed to produce goods and services
A
entrepreneurs
B
net pay
C
resources
D
community
11) the money that is left over after a business pays all its costs
A
taxes
B
net pay
C
profit
D
gross pay
12) payments that citizens and businesses are required to make to a government to pay for public goods and services
A
profit
B
net pay
C
taxes
D
gross pay
13) a form of government in which ultimate power lies with the people, who exercise that power directly or through elected representatives
A
community
B
democracy
C
scarcity
D
philanthropy
14) an organization developed to increase the well-being of others in certain areas, such as education, religion, health, and other good causes
A
scarcity
B
community
C
nonprofit organization
D
philanthropy
*select an answer for all questions
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