3.2 & 3.3 Households & Workers
an hour ago
deanhoss
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15 QuestionsShow answers
  • Question 1
    30 seconds
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    Q.

    Which sector of the economy is this describing?

    People earning income by selling their labour

    answer choices

    businesses

    households

    banks

    government

  • Question 2
    30 seconds
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    Q.

    Which sector of the economy is this describing?

    Provides current accounts

    answer choices

    households

    banks

    businesses

    government

  • Question 3
    30 seconds
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    Q.

    Which sector of the economy is this describing?

    Collects taxes from the people

    answer choices

    households

    banks

    government

    businesses

  • Question 4
    30 seconds
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    Q.

    Which sector of the economy is this describing?

    Provides public services such as education, law enforcement, and national defense (military)

    answer choices

    banks

    households

    businesses

    government

  • Question 5
    30 seconds
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    Q.

    Which sector of the economy is this describing?

    Consumes (buys) goods such as books, toys, games, and sports equipment

    answer choices

    government

    businesses

    households

    banks

  • Question 6
    30 seconds
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    Q.

    Which sector of the economy is this describing?

    Provides savings accounts

    answer choices

    households

    banks

    government

    businesses

  • Question 7
    30 seconds
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    Q.

    Which sector of the economy is this describing?

    Manufactures and sells goods such as cars, computers, school supplies, and clothing

    answer choices

    households

    businesses

    government

    banks

  • Question 8
    30 seconds
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    Q.

    Which sector of the economy is this describing?

    Consumes (buys) services such as child care, cell phone service, dental care, and haircuts

    answer choices

    households

    businesses

    banks

    government

  • Question 9
    30 seconds
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    Q.

    Which sector of the economy is this describing?

    Loans money to customers

    answer choices

    households

    banks

    government

    businesses

  • Question 10
    30 seconds
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    Q.

    Which sector of the economy is this describing?

    Produce and sell services such as photography, lawn care, manicures & pedicures, and piano lessons

    answer choices

    households

    banks

    government

    businesses

  • Question 11
    30 seconds
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    Q.

    Which sector of the economy is this describing?

    Provides public goods such as highways, parks, and schools

    answer choices

    households

    banks

    government

    businesses

  • Question 12
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    Q. _________________ take risks to develop new goods and services to start a business.
    answer choices
    Stock Markets
    Governments
    Entrepreneurs
    Households
  • Question 13
    30 seconds
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    Q. The amount of money exchanged for a good or service is the _________________.
    answer choices
    price
    sale
    discount
    salary
  • Question 14
    30 seconds
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    Q.

    The UK has a market economy. This means that ___________ own the businesses. It also means that people can choose what they want to buy.

    answer choices

    government

    banks

    citizens

    other countries

  • Question 15
    30 seconds
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    Q.

    ______________ is the battle for your business between sellers of a particular good or service. For instance, if Staples sells markers for $2.49, but WHSmiths sells them for $.97, this is ______________. This helps to keep prices low.

    answer choices

    Competition

    Market

    Entrepreneur

    Trade

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