Survivor Quiz 11 Question Preview (ID: 49675)


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In the US Economic Flow includs
a) businesses, people, government
b) people only
c) government only
d) businesses only

In our economy, people do all the following EXCEPT
a) collect taxes
b) buy and sell resources
c) save and invest capital
d) purchase goods and services

Spending tax dollars on public goods and services shows how the government is involved in-
a) economic flow
b) supply and demand curve
c) consumer product safety
d) market equilibrium

How do businesses participate in economic flow?
a) buy resources and make products to sell
b) provide public goods and services
c) provide investment capital to expand
d) consuming products

What does the government use to pay for public goods and services?
a) taxes
b) tariffs
c) taxes on imported goods
d) interest

Banks bring together savers and
a) borrowers
b) criminals
c) businesses
d) government

Banks are examples of
a) private financial institutions
b) public goods
c) a business
d) a public service

How do banks encourage people to save their money?
a) pay interest on deposits
b) give financial advice
c) give loans for cars
d) give loans for houses

Banks receive deposits to make
a) loans
b) donations
c)
d)

What do banks provide for those who want to start a business
a) capital
b) refunds
c) taxes
d)

US and Virginia trade worldwide to
a) increase wealth and create jobs
b) maintain peace
c) enforce laws
d) promote equal opportunities

A major advantage why we trade with other countries?
a) to buy goods and services at a lower price
b) to conserve resources
c) because jobs are eliminated
d) because of factories

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