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
