Unit Test — Cumulative exam Answers

One social issue often facing developing countries is

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When creating a budget, log fixed expenses

A country with an absolute advantage can produce a good or service

In personal finance, one makes decisions based on needs vs. wants. What is considered a need?

The basic purpose of insurance is to provide

A new business should be based on an entrepreneur's individual interests because the entrepreneur must

Which characteristic of being an entrepreneur could be seen as both a benefit and a drawback?

To create a balanced budget, one must make sure to

Lakesha does not have enough in her bank account to use a debit card for the purchase of a bike she needs to get to work. She has to decide whether to use a credit card or to finance the bike through the store. Which questions should Lakesha answer before making her decision? Check all that apply.