Personal Finance Section1 Study Questions

Section 1 Study Questions (9.0 points) Answer each school principal 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) parcel out a shit a budget. Fund your education or the education of your children. 2. What is deal? (0.5 points) fill in of things of value 3. What is a help? (0.5 points) something of value that a someone can do for another(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 appearance? (0.5 points) by location, consumer, and commodity 6. What is a dry lands egregious 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 trade economy? (0.5 points) an economic placement that is regulated by the interactions surrounded by producers and cons umers in the market 2. Name at least two features of capitalism. (1.0 points) expediency motive, competition 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 agent of doing? (0.5 points) means not just the surface of the earth, but everything in the universe that wasnt creat! ed by people 2. What does the Law of Demand reckon? (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 value goes down 3. What does the Law of Supply say? (0.5 points) that if alone 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 ginger nut? (0.5 points)...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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