SGO Post TEST #2 ECONOMICS (BIZTOWN)

Last updated about 1 year ago

15 questions

Required

Library

SGO Post TEST #2 ECONOMICS (BIZTOWN)

Last updated about 1 year ago

15 questions

Required

Question 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

Required

Question 2

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

Required

Question 3

Which two of the following examples are financial institutions?

Savings & Loan, City Hall

Credit Union, Bank

Library, Credit Union

Museum, Bank

Required

Question 4

Taxes are:

Required payments to the government

Payments for private goods and services

Payments for philanthropy

Payments for business operations

Required

Question 5

Which two skills are considered soft skills?

Teamwork, Interests

Interests, Apprehension

Punctuality, Teamwork

Dressing appropriately, Apprehension

Required

Question 6

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

Required

Question 7

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

Required

Question 8

Which of the following is a business expense?

Personal care

Revenue

Sales

Advertising

Required

Question 9

Interests are things people:

Do well

Keep to themselves

Have a natural ability for

Like to do

Required

Question 10

10.

Who pays for public goods and services?

Philanthropists

Taxpayers

Only people who use them

Government

Required

Question 11

11.

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

Balance

Transaction

Gross balance

Net pay

Required

Question 12

12.

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

Required

Question 13

13.

Our economic freedoms include:

A. owning property

B. Buying and selling

C. Inve

D. Working

A, B and C

A, B, C and D

Required

Question 14

14.

Bowls are a (an) ________________ resource.

Capital

Human

Natural

Intermediate

Required

Question 15

15.

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.

Question 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

Question 2

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

Question 3

Which two of the following examples are financial institutions?

Savings & Loan, City Hall

Credit Union, Bank

Library, Credit Union

Museum, Bank

Question 4

Taxes are:

Required payments to the government

Payments for private goods and services

Payments for philanthropy

Payments for business operations

Question 5

Which two skills are considered soft skills?

Teamwork, Interests

Interests, Apprehension

Punctuality, Teamwork

Dressing appropriately, Apprehension

Question 6

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

Question 7

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

Question 8

Which of the following is a business expense?

Personal care

Revenue

Sales

Advertising

Question 9

Interests are things people:

Do well

Keep to themselves

Have a natural ability for

Like to do

Question 10

10.

Who pays for public goods and services?

Philanthropists

Taxpayers

Only people who use them

Government

Question 11

11.

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

Balance

Transaction

Gross balance

Net pay

Question 12

12.

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

Question 13

13.

Our economic freedoms include:

A. owning property

B. Buying and selling

C. Inve

D. Working

A, B and C

A, B, C and D

Question 14

14.

Bowls are a (an) ________________ resource.

Capital

Human

Natural

Intermediate

Question 15

15.

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.