Answers FL-2102310-EconomicsPrinciples of Financial Planning

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How can a student pay for an education as part of a work-study program?

by taking a school job as part of a financial aid plan

by agreeing to work in the government for a scholarship

by agreeing to serve in the military after getting a degree

by working at a job that is close to the college or university

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When someone is considering a career as a lawyer, future earnings are the

net cost.

net benefit.

future cost.

future benefit.

The graph compares the cost of living in three different cities.

San Francisco has the highest cost of living of the three cities.

Houston has the lowest cost of living of the three cities.

Workers in San Francisco can get by on a lower salary.

Workers in Cleveland face a greater struggle with a low salary.

What is one benefit of a dual-income household?

It provides more money because there are two salaries.

It allows more time to take care of household needs and responsibilities.

It eliminates the need for day care or other arrangements.

It clears schedules, allowing more opportunities to participate in leisure activities.

Which statement best explains federal grants that cover the costs of an education?

They require the use of savings.

They need to be repaid with interest.

They are based mostly on financial need.

They require borrowing money from a bank.

How can a student pay for an education as part of a work-study program?

by taking a school job as part of a financial aid plan

by agreeing to work in the government for a scholarship

by agreeing to serve in the military after getting a degree

by working at a job that is close to the college or university

The chart shows facts related to professional interpreters.

will likely to continue to grow.

will likely to continue to shrink.

has changed very little over time.

tends to be unclear or hard to predict.

When a student enters college, tuition is the

future cost.

future benefit.

immediate cost.

immediate benefit.

These lists outline the details of two jobs.

Job A has employee benefits and a higher salary.

Job A offers a higher salary and more days off.

Job B provides a higher salary but fewer days off.

Job B offers more days off and employee benefits.

Which statement best explains student loans that cover the costs of an education?

They require the use of savings.

They require repayment with interest.

They depend on getting good grades.

They do not have to be paid back later.

When a student enters college, tuition is the

future cost.

future benefit.

immediate cost.

immediate benefit.

The benefits a worker receives from an employer typically include

federal grants.

the hourly pay rate.

interest on student loans.

medical and dental coverage.

What is one benefit of a dual-income household?

It provides more money because there are two salaries.

It allows more time to take care of household needs and responsibilities.

It eliminates the need for day care or other arrangements.

It clears schedules, allowing more opportunities to participate in leisure activities.

best

They require the use of savings.

They need to be paid back later.

They are often based on achievement.

They require borrowing money from a bank.

Which question best addresses the issue of risk with a new job?

What are the qualifications and requirements?

Is there a chance this job might not work out?

What are the wages and benefits for this job?

Is the job in an area with a high cost of living?

best

An employer typically pays for it in order to educate an employee.

It often lasts only months or weeks and is specific to only one job.

It usually takes two years to complete and tends to focus on technical training.

It lasts for several years, and it often takes four years to earn a degree.

Which are ways to pay for a college education? Check all that apply.tuitionstudent loansfederal grantsbooks and feesstudent loan interestacademic scholarships

tuition

student loans

federal grants

books and fees

student loan interest

academic scholarships

The graph compares the cost of living in three different cities.

San Francisco has the highest cost of living of the three cities.

Houston has the lowest cost of living of the three cities.

Workers in San Francisco can get by on a lower salary.

Workers in Cleveland face a greater struggle with a low salary.

Which statement best describes an education at a vocational school?

An employer typically pays for it in order to educate an employee.

It often lasts only months or weeks and is specific to only one job.

It usually takes two years to complete and tends to focus on technical training.

It lasts for several years, and it often takes four years to earn a degree.

When someone is considering a career as a lawyer, future earnings are the

net cost.

net benefit.

future cost.

future benefit.

When someone is considering a career as a lawyer, future earnings minus the cost of law school is the

net cost.

net benefit.

future cost.

future benefit.

Which are ways to pay for a college education? Check all that apply.tuitionstudent loansfederal grantsbooks and feesstudent loan interestacademic scholarships

tuition

student loans

federal grants

books and fees

student loan interest

academic scholarships

The chart shows facts related to professional interpreters.

will likely to continue to grow.

will likely to continue to shrink.

has changed very little over time.

tends to be unclear or hard to predict.

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