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

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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

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statistician, computer programmer, cryptographer

physical therapist, dietician, engineer

architect, systems analyst, math teacher

biochemist, video game designer, electrician

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Savings & Loan, City Hall

Credit Union, Bank

Library, Credit Union

Museum, Bank

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Required payments to the government

Payments for private goods and services

Payments for philanthropy

Payments for business operations

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Teamwork, Interests

Interests, Apprehension

Punctuality, Teamwork

Dressing appropriately, Apprehension

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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

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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

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Personal care

Revenue

Sales

Advertising

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Do well

Keep to themselves

Have a natural ability for

Like to do

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Philanthropists

Taxpayers

Only people who use them

Government

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Balance

Transaction

Gross balance

Net pay

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Shared by everyone- sometimes at the same time

Only given to the needy

No one is prevented from using them

Are paid by taxes

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Capital

Human

Natural

Intermediate

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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.