4 Sectors of the Economy

How many sectors of the economy are there?

• 4

• 3

• 2

• 1

What does a sector mean?

• economy

• business

• section

• bank

Who is someone who purchases goods?

• bank

• consumer

• producer

• governor

Households create a _______ and businesses will ______ it.

• businesses, buy

• consumer, producer

• bank, demand

• demand, supply

Households trade labor for _______.

• money

• banks

• private businesses

• economy

A _______ is labor that is performed for money.

• service

• money

• bank

• store

Which of the following receives deposits and makes loans?

• private businesses

• banks

• households

• economies

What is money that is borrowed?

• a business

• a bank

• a loan

• a payment

A _______ account is used to deposit money for everyday use.

• savings

• banking

• business

• checking

Which of the following can a loan NOT be used for?

• to buy a car

• to buy a house

• to go on a vacation

• to start a business