P4 SOL review CE12 (structure of the US Economy)

Front

Which is not a reason why states and nations trade? Options: to obtain goods and services that they can not produce themselves, to keep jobs solely in the United States, to buy goods and services at a lower cost, to sell goods and services to other countries

Back

to keep jobs solely in the United States

Front

Do private financial institutions encourage saving and investing by paying interest on deposits?

Back

True

Front

What type of business structure allows owners to share profits while limiting their liability to the amount of their investments? Options: partnership, corporation, proprietorship, entrepreneur

Back

corporation

Front

Which is not a form of business ownership: partnership, proprietorship, corporation, consumerism?

Back

consumerism

Front

a person that takes a risk to produce and sell goods and services in search of a profit

Back

entrepreneur

Front

a form of business organization with 2 or more owners who share the risks and the profits

Back

partnership

Front

a form of business organization that is authorized to act as one legal entity (one owner) regardless of the number of owners

Back

corporation

Front

Who provides financial capital that can be borrowed for business expansion? Options: individuals, businesses, individuals and businesses

Back

individuals and businesses

Front

Individuals are also: producers, consumers, the government.

Back

households

Front

What is the newest form of technology in the late 20th and 21st centuries? Options: internet, car, jet engine, computer

Back

internet