personal finance help?

1. Name at least two things financial planning could help you do. (0.5 points) keep track of money better job

2. What is trade? (0.5 points)

3. What is a service? (0.5 points)

4. Name one of the three functions of money. (0.5 points)

5. The real estate market is categorized in which way? (0.5 points)

6. What is a country’s GDP? (0.5 points)

Lesson 2 (3.0 points)

1. What is a market economy? (0.5 points)

2. Name at least two features of capitalism. (1.0 points)

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)

4. What is a monopoly? (0.5 points)

5. What is a motive? (0.5 points)

Lesson 3 (3.0 points)

1. What is land as a factor of production? (0.5 points)

2. What does the Law of Demand say? (0.5 points)

3. What does the Law of Supply say? (0.5 points)

4. What is elasticity? (0.5 points)

5. What does tangible mean? (0.5 points)

6. What is capital as a factor of production? (0.5 points)

3 Answers

  • wow, for 10 points...it's not worth it...read your text is my suggestion.

  • Lesson 1 (3.0 points)

    1. Name at least two things financial planning could help you do. (0.5 points)

    Create a budget. Make choices about how to spend money responsibly.

    2. What is trade? (0.5 points)

    Trade is the exchange of things of value.

    3. What is a service? (0.5 points)

    Value is what something is worth to people.

    4. Name one of the three functions of money. (0.5 points)

    Money is used as a medium of exchange, which means it is used to buy and sell commodities.

    5. The real estate market is categorized in which way? (0.5 points)

    Markets are often categorized by both commodity and geographic location, such as the Southwestern real estate market or the U.S. stock market.

    6. What is a country’s GDP? (0.5 points)

    A country's GDP, or gross domestic product, is the value of the goods and services produced in that country.

    Lesson 2 (3.0 points)

    1. What is a market economy? (0.5 points)

    A market economy is an economic system that is regulated by the interactions between producers and consumers in the market.

    2. Name at least two features of capitalism. (1.0 points)

    Capitalism is a system in which private individuals can own businesses and goods and in which production. Capitalism is also called a free enterprise system.

    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)

    private sector

    4. What is a monopoly? (0.5 points)

    Without government regulation, certain private businesses may become too powerful and make it hard for others to compete

    5. What is a motive? (0.5 points)

    A motive is a reason for doing something.

    Lesson 3 (3.0 points)

    1. What is land as a factor of production? (0.5 points)

    Land as a factor of production means not just the surface of the earth, but everything in the universe that wasn't created by people

    2. What does the Law of Demand say? (0.5 points)

    The Law of Supply and Demand says that the price of a product is determined by the supply of and demand for that product.

    3. What does the Law of Supply say? (0.5 points)

    The Law of Supply says 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 elasticity? (0.5 points)

    How much the price of a product affects the demand.

    5. What does tangible mean? (0.5 points)

    Assets that have a physical form.

  • What is capital as a factor of production?

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