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Study Guide for The U. S. Economy Expanded Unit Map
Basic types of business ownership • _Proprietorship_ A form of business organization with one owner who takes all the risks and all the profits. •_Partnership_ - A form of business organization with two or more owners who share the risks and the profits. •_Corporation_ - A form of business organization that is authorized by law to act as a legal person regardless of the number of owners. Owners share profits and their liability is limited to investment. Entrepreneur •A person who takes a risk_ to produce goods and services in search of profit_. •May establish a business according to any of the three types of organizational structures.
New Unit Self Test Questions
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CE 12 a, b, c Describing
Demonstrate knowledge of the structure and operation of the United States Economy
Explaining Characteristics of private financial institutions •Include banks_, savings_ and loans_, and credit_ unions_. •Receive deposits_ and make loans_. •Encourage saving and investing by paying interest_ on deposits.
Explaining Economic Flow (Circular_ Flow) •Individual and business savings_ and investments_ provide financial capital that can be borrowed for business expansion and increased consumption. •Individuals_ (households) own the resources used in production, sell the resources, and use the income to purchase products. •Businesses_ (producers) buy resources; make products that are sold to individuals, other businesses, and the government; and use the profits to buy more resources. •Governments_ use tax revenue from individuals and businesses to provide public goods and services.
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Harriet Tubman. Herman Melville. Immigration patterns, early 1800s. Indian Policy, 1830s and 1840s. Individualism (Transcendentalists). Jackson's "Bank War".
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The following are the events in the formation of the first cloned animal â the sheep Dolly. a) Removal of haploid nucleus from the ovum. b) Implantation of ovum with diploid nucleus into the surrogate mother. c) Collection of udder cell from the sh
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resistance. a. Illustrate and annotate the lever system described above. (including the type of lever). b. What is the ideal mechanical advantage of the system? c.
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