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Business and Government — Test Answers

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When a government creates a budget, it is seeking a way to

spend as much revenue as possible.

cut spending to a bare minimum.

return as much money to taxpayers as possible.

allocate money to programs and projects.

An entrepreneur is someone who

invents products for other businesses.

works for multiple developing businesses.

is an employee of a business.

starts and runs a business.

Which best describes how individuals help the economy grow?

They work as part of a unified group.

They work in their own self-interest.

They work to influence the money supply.

They work to influence the economy.

Which best describes the idea behind the "invisible hand"?

Individuals seeking their own self interest benefit the economy as a whole.

Government sets policy for producers and consumers, which guides the economy.

Consumers decide what they need and want to buy, which guides the economy.

Producers decide what to make for consumers, which guides the economy.

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