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Major sectors: household, banks, government, private businesses

Quiz by Fort, Brittney

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10 questions
Show answers
  • Q1
    Which of the following is a major sector that includes people who own their homes and live in them?
    businesses
    household
    banks
    consumers
    30s
  • Q2
    In which sector do you find institutions that help people save money and offer loans?
    consumers
    businesses
    banks
    households
    30s
  • Q3
    Which sector consists of people who buy goods and services for personal use?
    banks
    households
    businesses
    consumers
    30s
  • Q4
    What do we call the sector that includes companies that produce goods and services?
    banks
    households
    businesses
    consumers
    30s
  • Q5
    Which sector mainly represents the activities of individuals and families purchasing items?
    businesses
    banks
    consumers
    households
    30s
  • Q6

    How do households affect the economy?

    They collect taxes on goods

    They create demand for goods. 

    They collect profits by selling goods. 

    They create the supply of goods. 

    30s
  • Q7

    David has a job and wants to buy a house, but he cannot afford one right now. What is the quickest way for David to gather enough money to buy a house?

    placing his money in a bank to earn interest

    saving a large portion of his income

    stating his own private business

    applying for a loan from a bank or credit union

    30s
  • Q8

    Which statement about the business sector of the economy is correct?

    it sells labor to households

    it gives loans to the government

    it collects taxes from the government

    it provides services to households

    30s
  • Q9

    Money earned through employment and investments?

    Stocks

    Taxes

    Goods

    Income

    30s
  • Q10

    What is the definition for competiton?

    the other component of a personal budget

    the amount of money exchanged for a good or service

    the supply and demand for a product

    the rivalry among businesses to supply goods and services to consumers

    30s

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