Chapter 4 Major Sectors of the US Economy

These statements about failure describe which character trait of successful entrepreneurs?

• trustworthiness

• perseverance

• dependability

• compassion

Entrepreneurs risk losing the money and time they invest in their businesses.

What is the main reason most entrepreneurs take that risk?

• fame

• lack of other options

• specialization

• profit

Which market sectors do businesses sell goods and services to?

(Choose all that apply.)

• none of the choices

• banks

• households

• government

• businesses

Households deposit and borrow money at…

• businesses

• banks

• government

People work at jobs at…

(Check all that apply)

• Businesses

• Banks

• Government

People in households pay taxes to…

• Businesses

• Government

• Banks

Households buy goods and services from…

• Businesses

• Government

• Banks

In the United States, some goods and services are provided to consumers by businesses and some goods and services are provided by the government. Check all of the serves that the GOVERNMENT provides

• roads

• clothing

• groceries

• public schools

• police protection

In the United States, some goods and services are provided to consumers by businesses and some goods and services are provided by the government. Check all of the services provided by BUSINESSES.

• roads

• clothing

• groceries

• public schools

• cars

Who do the goods and services provided by the U.S. government typically benefit?

• a few people

• government leaders

• many people

• people outside of the U.S.