Personal Finance Section1 Study Questions

Section 1 Study Questions (9.0 points) Answer each forefront fully. Complete sentences be not necessary. Lesson 1 (3.0 points) 1. Name at least two things financial planning could help you do. (0.5 points) hit the books a shit a budget. Fund your education or the education of your children. 2. What is deal? (0.5 points) stand in of things of value 3. What is a run? (0.5 points) something of value that a someone can do for new(prenominal) people 4. Name one of the trinity functions of money. (0.5 points) medium of exchange 5. The real estate merchandise is categorized in which focusing? (0.5 points) by location, consumer, and commodity 6. What is a grounds gross(a) domestic product? (0.5 points) the value of the goods and services produced in that country Lesson 2 (3.0 points) 1. What is a market place economy? (0.5 points) an economic musical arrangement that is regulated by the interactions surrounded by producers and consumers in the market 2. Name at least two features of capitalism. (1.0 points) expediency motive, aspiration 3. A business that sells watches that are more inexpensive than the watches a competitor sells is using which type of competition? (0.5 points) Direct competitors 4. What is a monopoly? (0.

5 points) is when one company controls an entire area of goods or services, so that customers dont have other choices 5. What is a motive? (0.5 points) a contend for doing something Lesson 3 (3.0 points) 1. What is land as a ingredient of doing? (0.5 points) means not just the surface of the earth, but e verything in the universe that wasnt created! by people 2. What does the Law of Demand feel out? (0.5 points) that if only other factors are equal, the demand willing go crush if the damage goes up, and the demand will go up if the terms goes down 3. What does the Law of Supply say? (0.5 points) that if all in all other factors are equal, the supply will increase if the price goes up, and the supply will decrease if the price goes down 4. What is childs play? (0.5 points)...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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