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Wyatt CE 12b Quiz

Quiz by John Wyatt IV

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10 questions
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  • Q1
    Some of the profits a business makes are often used to buy more —
    goods and services
    taxes
    resources
    interest
    30s
  • Q2
    In the United States economy, all of the following move continuously among markets,  businesses, and households EXCEPT —
    interest
    goods
    services
    resources
    30s
  • Q3
    In the United States economy, what do businesses buy from consumers?
    interest
    resources
    goods and services
    taxes
    30s
  • Q4
    Tax money paid by businesses and individuals is used to provide —
    natural resources
    company profits
    private savings
    public goods
    30s
  • Q5
    In the circular flow, what is the name of the person who purchases the goods or  services from the product market?
    corporations
    sellers
    consumers
    the government
    30s
  • Q6
    In the United States, what does the government collect from consumers in order to  pay for public services
    Taxes
    Goods
    Human Resources
    Interest
    30s
  • Q7
    Governments use tax revenue from individuals and businesses  to provide —
    profits to buy more  resources
    income to purchase  products
    public goods and services
    for business  expansion and  increased consumption
    30s
  • Q8
    Individuals (households) own the resources used in production, sell the resources, and  use the income —
    to purchase products
    to increase  consumption
    to buy more resources
    to provide public goods and services
    30s
  • Q9
    In the United States economy, what does the government provide to consumers and  producers?
    Human Services
    Public goods and services
    Interest
    taxes
    30s
  • Q10
    Which producers provide basic needs to consumers?
    video games manufactures
    farmers
    airplane pilots
    cable companies
    30s

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