Topic Test

Question 1

Why is self-discovery important?

Revolt · Accepted Answer

Self-discovery is important because it helps people make better choices, build confidence, understand their purpose, and grow into who they want to become.

Question 2

Which of the following could result in higher living costs for the homeowner that the renter doesn’t have?

Revolt · Accepted Answer

maintenance

Question 3

With respect to a graph of a production possibilities curve, what does it mean to be at a point inside the production possibilities frontier?

Revolt · Accepted Answer

A point inside the production possibilities frontier means resources are being underutilized or used inefficiently, so the economy is producing below its full potential.

Question 4

Answer the following question in 1-2 complete sentences. What is aquatint, including the form of Intaglio it is connected to? Which of the pieces below is an example of aquatint? Picture 1: Picture 2:

Revolt · Accepted Answer

A type of etching that uses powdered resin that stops the acid from eating away at the surface, creating a tonal effect. Picture 1 is an example of aquatint.

Question 5

In which movie does the above screenshot appear? What science fiction techniques were highly used to create this movie?

Revolt · Accepted Answer

The screenshot is from The Matrix (1999). The movie made heavy use of wire-assisted martial arts, computer-generated imagery (CGI), and “bullet time”—a visual effect that makes the action appear to move in slow motion while the camera moves around the characters.

Question 6

Andrew earns $45,300 in taxable income annually, and pays federal income taxes of $5,345.40. What is Andrew’s net federal income tax rate?

Revolt · Accepted Answer

11.8%

Question 7

A letter of resignation should be written and delivered to each of your coworkers when you leave a job.

Revolt · Accepted Answer

F

Question 8

Using the standard 28/36 guidelines, what is the maximum mortgage payment allowed for someone with an annual salary of $60,750?

Revolt · Accepted Answer

$1,417.50

Question 9

A lender estimates that the closing costs on a $312,500 home loan will be $12,500. The actual closing costs were 4.25% of the loan amount. Determine if the closing costs were higher or lower than the estimate and by what percent.

Revolt · Accepted Answer

higher by 0.25%

Question 10

Why might where you live be a factor in determining your utility costs?

Revolt · Accepted Answer

Where you live can affect utility costs because local climates create different heating and cooling needs, utility rates vary by region, and available energy sources or providers may differ. As a result, people in different places may use different amounts of energy and pay different prices for it.

Topic Test Answers

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