Go Nuts Essay

310 WordsSep 18, 20152 Pages
Study Questions 1 Instructions Save the file in your Finance folder, and name it with Study, the section number, and your first initial and last name. For example, Jessie Robinson's study questions for Section 1 would be named Study1JRobinson. Answer the questions for each lesson on the same day that you read the lesson. Save the file before closing it each day. Then turn in your answers to the study questions at the end of the section. Review Lesson 4 of the Course Overview for instructions about turning in your study questions. Section 1 Study Questions (9.0 points) Answer each question fully. Complete sentences are not necessary. Lesson 1 (3.0 points) 1. Name at least two things financial planning could help you do. (0.5 points) 2. What is trade? (0.5 points) 3. What is a service? (0.5 points) 4. Name one of the three functions of money. (0.5 points) 5. The real estate market is categorized in which way? (0.5 points) 6. What is a country’s GDP? (0.5 points) Lesson 2 (3.0 points) 1. What is a market economy? (0.5 points) 2. Name at least two features of capitalism. (1.0 points) 3. A business that sells watches that are more inexpensive than the watches a competitor sells is using which type of competition? (0.5 points) 4. What is a monopoly? (0.5 points) 5. What is a motive? (0.5 points) Lesson 3 (3.0 points) 1. What is land as a factor of production? (0.5 points) 2. What does the Law of Demand say? (0.5 points) 3. What does the Law of Supply say? (0.5 points) 4. What is elasticity? (0.5 points) 5. What does tangible mean? (0.5 points) 6. What is capital as a factor of production? (0.5

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