(a) The exchange of goods and services between countries 
(b) The exchange of goods and services within a country
(c) The exchange of goods and services within a city
(d) none of these

(a) An asset is something a business owns, a liability is something a business owes. 

(b) An asset is something a business owes, a liability is something a business owns. 

(c) They are the same thing. 

(d) Assets are more valuable than liabilities

(a) To control all aspects of the economy 

(b) To provide public goods and services 

(c) To regulate businesses 

(d) All of the above

(a) Profit is revenue minus expenses, revenue is total sales. 

(b) Revenue is profit minus expenses, profit is total sales. 

(c) They are the same thing. 

(d) Profit is a measure of efficiency, revenue is a measure of growth.

(a) To manage customer relationships 

(b) To develop marketing strategies 

(c) To manage the flow of goods and services from production to consumption 

(d) To track financial results

(a) Entrepreneurs take risks and innovate, managers oversee day-to-day operations. 
(b) Managers take risks and innovate, entrepreneurs oversee day-to-day operations.
(c) They are the same thing.
(d) Entrepreneurs are more experienced than managers.