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