The basis of a market economy is

2.04_EC72 H. Marketing Applications Review

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Other
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9th - 12th Grade
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Medium
belinda p
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
private enterprise.
democracy.
the two-party system.
the dollar.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The role of government in a market economy is to
increase personal incomes.
provide as much regulation as possible.
spend the money it receives in tax revenue.
generate sales.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The circular flow of income model is a simplified depiction of
the government taxing businesses and individuals.
businesses paying dividends to shareholders.
investors earning and losing money in the stock market.
money flowing through a market economy.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a “leakage” in the circular flow of income model:
A business buying goods from another business
A business retaining earnings to pay off debt
An individual buying retail goods from a business
A business paying its employees’ salaries
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the United States, payroll taxes are used as
salaries for Congress members.
interest on the debt.
trust funds.
general funds.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of an expenditure for which a state/local government uses tax revenue:
Church services
Education
National defense
Personal loans
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When tax revenue is not enough to cover government expenditures, the government must
file for bankruptcy.
print more currency.
reduce defense spending.
borrow funds.
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