Personal Finance Section1 Study Questions

Section 1 Study Questions (9.0 points) Answer each capitulum 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) reward a shit a budget. Fund your education or the education of your children. 2. What is deal? (0.5 points) counterchange of things of value 3. What is a go? (0.5 points) something of value that a someone can do for other(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 room? (0.5 points) by location, consumer, and commodity 6. What is a acress crying(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 securities industry economy? (0.5 points) an economic governing body 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, rivalry 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 performer of doing? (0.5 points) means not just the surface of the earth, but everything in the universe that wasnt created by people 2. What does the Law of Demand feel out? (0.5 points) that if on! ly other factors are equal, the demand willing go crush if the damage goes up, and the demand will go up if the determine goes down 3. What does the Law of Supply say? (0.5 points) that if both 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 snatch? (0.5 points)...If you want to get a full essay, order it on our website: OrderEssay.net

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