Review Unit 5 Personal Finance

Investing in human capital helps a government to ____.

The biggest disadvantage of being a sole proprietor is ___.

High risk investments include ___.

When the entire demand curve for butter shifts to the right, it may be because ___.

Ms. Lawrence's house that she owns burned down.  What type of insurance would cover her losses?

Workers represent which factor of production?

If I play games online instead of grading papers, the opportunity cost is ___.

There is a surplus of First Period Economics Fabulous Footwear.  Why?

If a production possibilities curve shifts to the right, it indicates ____.

In making a rational choice ___.

Producers react to the demands of consumers because of their desire for ___.

Money acts a medium of exchange and measures value this helps our economy by ___.

Fourth Period Economics started a corporation to produce study guides, because ___.

Which point represents inefficiency?

In a circular flow model, the government exchanges money for finished goods in the ___

Which is not a skill required to be successful in the workplace?

What considerations should you weigh in choosing a bank?

How do banks make money?

Increased penalties for bounced checks will cause ___.

Not having enough of something is ____.

If you want to save for your retirement, which type of interest rate would you want?

The point at which supply and demand are the same for both quantity and price is called ___.

Most economies today are ___.

Progressive taxes take more from ___.

Which point represents an impossibility given the resources and time available?

Which type of investment offers long-term, low-risk investment?

If you want to diversify your investments you should buy ___.