SGO Post TEST #2 ECONOMICS (BIZTOWN)

Last updated over 1 year ago

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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

statistician, computer programmer, cryptographer

physical therapist, dietician, engineer

architect, systems analyst, math teacher

biochemist, video game designer, electrician

Savings & Loan, City Hall

Credit Union, Bank

Library, Credit Union

Museum, Bank

Required payments to the government

Payments for private goods and services

Payments for philanthropy

Payments for business operations

Teamwork, Interests

Interests, Apprehension

Punctuality, Teamwork

Dressing appropriately, Apprehension

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

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

Personal care

Revenue

Sales

Advertising

Do well

Keep to themselves

Have a natural ability for

Like to do

Philanthropists

Taxpayers

Only people who use them

Government

Balance

Transaction

Gross balance

Net pay

Shared by everyone- sometimes at the same time

Only given to the needy

No one is prevented from using them

Are paid by taxes

Capital

Human

Natural

Intermediate

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.

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

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

Which two of the following examples are financial institutions?

Savings & Loan, City Hall

Credit Union, Bank

Library, Credit Union

Museum, Bank

Taxes are:

Required payments to the government

Payments for private goods and services

Payments for philanthropy

Payments for business operations

Which two skills are considered soft skills?

Teamwork, Interests

Interests, Apprehension

Punctuality, Teamwork

Dressing appropriately, Apprehension

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

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

Which of the following is a business expense?

Personal care

Revenue

Sales

Advertising

Interests are things people:

Do well

Keep to themselves

Have a natural ability for

Like to do

Who pays for public goods and services?

Philanthropists

Taxpayers

Only people who use them

Government

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

Balance

Transaction

Gross balance

Net pay

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

Our economic freedoms include:

A. owning property

B. Buying and selling

C. Inve

D. Working

A, B and C

A, B, C and D

Bowls are a (an) ________________ resource.

Capital

Human

Natural

Intermediate

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.