Making Spending Decisions — Cumulative exam

Question 1

best

Revolt · Accepted Answer

Many people could not make home payments during a weak economy.

Question 2

Who is following the law when it comes to protecting investors’ funds?

Revolt · Accepted Answer

a mutual fund advisor who informs investors about risks

Question 3

What are the cons of a mixed market economy for most citizens? Select four answers.There may be a sizable gap between rich and poor people.It can be very difficult for citizens to start private businesses.Citizens must pay for most basic necessities by themselves.There is no guarantee of steady employment for many citizens.Citizens may pay higher taxes than in other economic systems.Citizens often purchase their own health care and higher education.

Revolt · Accepted Answer

There may be a sizable gap between rich and poor people.; Citizens must pay for most basic necessities by themselves.; There is no guarantee of steady employment for many citizens.; Citizens often purchase their own health care and higher education.

Question 4

What might happen if an economy is unable to produce wanted goods and services?

Revolt · Accepted Answer

People will look elsewhere for them.

Question 5

John has a large apple orchard. He has decided to bake pies and sell them at the local farmer’s market. Which best describes John’s use of economics?

Revolt · Accepted Answer

John is using available and renewable resources.

Making Spending Decisions — Cumulative exam Answers

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