N/A — Exam Answers

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Which is an example of a strong password?

A
LvF10wer$!
B
Mypaswrd!!
C
asdfghjkl0
D
q1w2e3r4t5y
26

If a computer costs 600 point 0 0 dollars and the sales tax rate is 7 point 5 percent, what is the total cost of the computer?

A
622 point 5 0 dollars
B
645 point 0 0 dollars
C
607 point 5 0 dollars
D
615 point 0 0 dollars
27

If Country A is an agricultural country and Country B has many cities and factories, it would make sense for

A
Country A to specialize in growing corn while Country B specializes in making cars.
B
Country A to specialize in making cars while Country B specializes in growing corn.
C
both countries to set up car manufacturing plants.
D
both countries to compete in growing more corn.
31

Which best describes why governments enact tariffs?

A
to ensure that domestic producers make a profit
B
to reduce the price of domestic products
C
to discourage consumers from purchasing foreign goods
D
to limit the sale of foreign goods
33

Mr. and Mrs. Nedage are filing a joint tax return. While listing their deductions, they find that they can deduct $2,150 from medical bills, $826 from state taxes, $3,133 from charitable donations, and $1,331 from interest on their mortgage. The standard deduction for married couples filing jointly is $8,350. How does the standard deduction compare to the Nedages’ deductions?

A
The Nedages’ deductions are $1,740 better than the standard deduction.
B
The Nedages’ deductions are $7,440 better than the standard deduction.
C
The standard deduction is $910 better than the Nedages’ deductions.
D
The standard deduction is $9,260 better than the Nedages’ deductions.
34

An interest in supervising other workers would be useful for someone who wanted to become

A
an office manager or warehouse manager.
B
a freelance writer or graphic designer.
C
a letter carrier or delivery person.
D
a grocery clerk or supermarket cashier.
35

Naomi is planning to get a job after graduating from college. Which explains why she should establish a positive credit history?

A
She will appear more responsible to future employers.
B
She will be able to do the job better.
C
She will be able to complete her job search application better.
D
She will get an increase in the interest rate on her student loans.
36

Insurance offers consumers

A
full reimbursement after business setbacks.
B
a guarantee that a business will succeed.
C
protection from the costs of unplanned events.
D
income to help start a new business venture.
38

If it becomes less expensive to travel overseas from the United States, American tourists will benefit from the fact that

A
the US dollar has become stronger.
B
the US dollar has declined in value.
C
tourist sites are getting crowded and dirty.
D
prices of foreign goods are rising.
39

Emma is trying to decide whether to buy a new laptop. As a student, she has a budget and wants to make sure this is the right financial decision. Which question should she ask herself in determining the opportunity cost of this purchase?

A
Is there a less costly alternative to buying this laptop?
B
Can I use credit to buy this laptop?
C
Do I need this laptop for my studies?
D
What will I have to sacrifice if I buy this laptop?
41

Mohamed has flexible work hours. His weekly income may vary, as he is paid per completed project. His employer does not provide benefits for him. Which best describes Mohamed’s employment status?

A
Mohamed is a salaried exempt employee of the company.
B
Mohamed is an hourly employee of the company.
C
Mohamed is an entrepreneur who owns the company.
D
Mohamed is a freelance contractor with the company.
42

Which option for college funding can parents start when children are still very young?

A
college savings account
B
scholarship
C
work-study
D
student loan
43

Which best describes one of the primary aims of government fiscal policy?

A
to restrict price changes
B
to control real interest rates
C
to put more money into citizens’ hands
D
to generate new investment opportunities

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