Question

1. (02.02 LC)

Answer 1

1. The main benefit of a technical school certification is more time spent perfecting skills compared to college
2. Juanita, who lives with her brother, has saved $12,000 for a down payment on her own house. Her financial planner suggests she look for a savings account that offers compound interest accounts. Juanita should take his advice because: She will earn interest on the initial deposit, as well as interest earned.
3. Jared's friends invite him to dinner at a local restaurant that serves Cuban food. Jared declines the offer because he dislikes the flavors in Cuban dishes. The best representation of Jared’s decision is Preference for another style of food
4. One bank offers a 4% variable rate loan, while a competitor offers a 3% fixed rate loan over the same period. Assuming no other differences between the loans, a customer should choose the fixed rate loan because the interest rate is lower and will not increase
5. If Juliet consistently buys health insurance for twenty years but never suffers a costly illness, were her premium payments wasted? No, if the safety of being insured was worth more to her than the monetary cost of the premiums
6. A period of economic stability began in the 1980s. In 2001, prices began to increase. In 2007, an economic crisis caused prices to fall. 2007 would be considered the peak of this cycle because from there, the prices start to fall.
7. If a series of events results in a decrease in investments in U.S. businesses, It would result to a CONTRACTION on the U.S. economy
8 The Medicine industry benefits from government subsidies.
9. A supply and demand graph, showing quantity on the x axis and price is on y axis. Red supply line S rises up and to the right f
There is SURPLUS if the line ""Artificial Price"" were above the intersection of the supply and demand lines.
10. How are start-up costs related to natural monopolies?
High start-up costs prevent others from offering the same service in a natural monopoly.
11. The function of the Federal Reserve System is to CONTROL THE MONEY SUPPLY