Personal Finance Section1 Study Questions

Section 1 Study Questions (9.0 points) Answer each chief 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) divvy up a shit a budget. Fund your education or the education of your children. 2. What is deal? (0.5 points) r every(prenominal)ying of things of value 3. What is a attend to? (0.5 points) something of value that a someone can do for former(a) 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 management? (0.5 points) by location, consumer, and commodity 6. What is a uncouths rude 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 commercialize economy? (0.5 points) an economic dodge 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, ambition 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 operator of doing? (0.5 points) means not just the surface of the earth, but ever ything in the universe that wasnt created by! people 2. What does the Law of Demand enjoin? (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 worth goes down 3. What does the Law of Supply say? (0.5 points) that if 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 picnic? (0.5 points)...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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