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Survivor Quiz 11
Test Description: Review
Instructions: Answer all questions to get your test result.
1) In the US Economic Flow includs
A
businesses only
B
businesses, people, government
C
people only
D
government only
2) In our economy, people do all the following EXCEPT
A
buy and sell resources
B
purchase goods and services
C
collect taxes
D
save and invest capital
3) Spending tax dollars on public goods and services shows how the government is involved in-
A
supply and demand curve
B
consumer product safety
C
market equilibrium
D
economic flow
4) How do businesses participate in economic flow?
A
provide public goods and services
B
buy resources and make products to sell
C
provide investment capital to expand
D
consuming products
5) What does the government use to pay for public goods and services?
A
taxes
B
interest
C
tariffs
D
taxes on imported goods
6) Banks bring together savers and
A
businesses
B
criminals
C
government
D
borrowers
7) Banks are examples of
A
a public service
B
private financial institutions
C
a business
D
public goods
8) How do banks encourage people to save their money?
A
give loans for cars
B
give financial advice
C
give loans for houses
D
pay interest on deposits
9) Banks receive deposits to make
A
loans
B
donations
10) What do banks provide for those who want to start a business
A
capital
B
refunds
C
taxes
11) US and Virginia trade worldwide to
A
increase wealth and create jobs
B
maintain peace
C
enforce laws
D
promote equal opportunities
12) A major advantage why we trade with other countries?
A
because jobs are eliminated
B
to buy goods and services at a lower price
C
because of factories
D
to conserve resources
*select an answer for all questions
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