SGO Post TEST #2 ECONOMICS (BIZTOWN) - Robert Kaiser | Biblioteka

Obavezno

1

Which of the following best describes a community?

A place where people live, work, trade and share

A democracy with free enterprise

A democracy with free enterprise and philanthropy

A system of spending, saving, and investing

Obavezno

1

Which group of STEM jobs might be considered DATA jobs?

statistician, computer programmer, cryptographer

physical therapist, dietician, engineer

architect, systems analyst, math teacher

biochemist, video game designer, electrician

Obavezno

1

Which two of the following examples are financial institutions?

Savings & Loan, City Hall

Credit Union, Bank

Library, Credit Union

Museum, Bank

Obavezno

1

Taxes are:

Required payments to the government

Payments for private goods and services

Payments for philanthropy

Payments for business operations

Obavezno

1

Which two skills are considered soft skills?

Teamwork, Interests

Interests, Apprehension

Punctuality, Teamwork

Dressing appropriately, Apprehension

Obavezno

1

Which one of the following statements is TRUE?

You can continue to write checks as long as you have checks

All bank transactions should be recorded in the register

A direct deposit is when you take it to the bank

Credit cards and debit cards are the same thing

Obavezno

1

Which description best describes the circular flow of an economy?

The flow between businesses and resources

A circular flow happens only in a resource market

The exchange of money, goods, and services in an economy

A circular flow happens only in a goods and services market

Obavezno

1

Which of the following is a business expense?

Personal care

Revenue

Sales

Advertising

Obavezno

1

Interests are things people:

Do well

Keep to themselves

Have a natural ability for

Like to do

Obavezno

1

Who pays for public goods and services?

Philanthropists

Taxpayers

Only people who use them

Government

Obavezno

1

The amount left over from your paycheck after taxes and deductions is called your ___

Balance

Transaction

Gross balance

Net pay

Obavezno

1

Which of the following is NOT true of public goods and services?

Shared by everyone- sometimes at the same time

Only given to the needy

No one is prevented from using them

Are paid by taxes

Obavezno

1

Our economic freedoms include:

Obavezno

1

Bowls are a (an) ________________ resource.

Capital

Human

Natural

Intermediate

Obavezno

1

Which of the following statements is TRUE?

Credit cards use money borrowed from a bank.

Debit cards help establish a credit history.

With a debit card, you’ll get a bill for your purchases at the end of the month.

There is no penalty if you miss a credit card payment.