Unit 10 US Economy - Private Sector

Which of the following would be a business interaction in the economic circular flow?

Which of the following is not involved in the circular flow of economics?

Individuals do all of the following in the economic flow except

Which of the following is not a function of private financial institutions?

What does the government use taxes for?

Technology has contributed to the global economy by

Businesses spend their money on all of the following except

Which statement below does not describe why VA and the US trade with other states and nations

When consumers need money to make purchases they go to financial institutions for a(n)

The fee charged by financial institutions when individuals need to borrow money is called

Markets in which the buying and selling of worldwide goods and services by all nations takes place is called

Financial institutions make their money primarily through

What is the opportunity cost of saving?

Which of the following earns interest

What is one way for businesses to lower the cost of production?

They type of business is determined by

Robert and Sheila stated a computer repair business, both contributing an equal amount of time and start up money. What type of business did they form?

An entrepreneur is a person who

A form of business with limited liability, authorized to act as a legal person with shareholders is called

The two markets in the private sector of the economy are