(Complete sentences are not necessary. 0.5 points) Phone and clothes 3. List two examples of services you have purchased in the past or may purchase in the future. (Complete sentences are not necessary. 0.5 points) Auto repair and tutoring 4.
Assignment 1: Economic Basics (24.0 points) 1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points) Create a budget because if I make a budget, then I can have extra money for myself. I will know how much to spend.
Answer: 20, 24 (Quantity, Price) • What does this curve show? Answer: When income increases, the demand curve moves to the right, as the income increases, so does the quantity purchased. • Does this curve show a positive or negative correlation between price and quantity? Answer: Negative correlation between price and quantity • Compute the slope of D1 between points A and C. Answer: Slope is -2/5 (16-24)/(40-20) = -2/5 • What is the slope of D1 between points C and E? Why would you not have to calculate this answer?
Assignment 1: Economic Basics (24.0 points) 1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points) Financial planning skills can help you acquire more in term of finance and can also help you secure what you have. When you have skill to plan, you are aware of how to manage your account hence adding on your profit.
2.0 points) 5. Imagine that you are considering moving to a new country and looking for a job there, but you first want to make sure the country has a strong economy. Describe at least three economic factors that you would want to research as evidence of the economy's strength or weakness, and explain how each factor would affect your decision to move there. (4-6 sentences. 3.0 points) 6.
2. If you change from a 401k into a Roth 401k plan the taxes will go up even if your income stays constant. You will trade from a tax deductible 401k income into non deductible Roth 401k contribution. The Roth 401k is designed for those who think in 5 years or more their income or marginal tax rate might be significantly higher. Contribution Limits in a Roth
What does the Law of Supply say? (0.5 points) that if all other factors are equal, the supply will increase if the price goes up, and the supply will decrease if the price goes
(3-6 sentences. 2.0 points) 5. Imagine that you are considering moving to a new country and looking for a job there, but you first want to make sure the country has a strong economy. Describe at least three economic factors that you would want to research as evidence of the economy's strength or weakness, and explain how each factor would affect your decision to move there. (4-6 sentences.
Imagine that you are considering moving to a new country and looking for a job there, but you first want to make sure the country has a strong economy. Describe at least three economic factors that you would want to research as evidence of the economy's strength or weakness, and explain how each factor would affect your decision to move there. Exchange rate of money, employability, living quality. 6. Explain which economic system (market, planned, mixed, or traditional) you think is best for consumers.
It requires reasonable business thinking to analyze if the stock will go up or down. Hence, it needs a portion of reading the recent news about the corporation. At least, I got an overview of how the stock market work by learning new business terms like short sell, margin, options, and many more. The stock market has influence me to be careful in buying shares from corporations. Stock market can either make me more money or lose more money.