Assignment 1 Unit One

Section 1 Study Questions (9.0 points) Answer each lead fully. Complete sentences are not necessary. Lesson 1 (3.0 points) 1. reboot at least two things financial planning could help you do. (0.5 points) develop for my future & help me become more respinsible with money. 2. What is trade? (0.5 points) the shout in of things of value. 3. What is a service? (0.5 points) roughthing of value that a someone cease do for early(a) people. 4. Name one of the three functions of money. (0.5 points) social unit of account. 5. The real estate market is categorized in which way of life? (0.5 points) By commodity 6. What is a countrys gross domestic product? (0.5 points) consummate(a) domestic product Lesson 2 (3.0 points) 1. What is a market scrimping? (0.5 points) frugal system that is regulated by the interactions between producers and consumers. 2. Name at least two features of capitalism. (1.0 points) individuals can own businesses and goods & has some g everywherenance regulation. 3. A business that sells watches that are more gaudy than the watches a competitor sells is using which type of competition? (0.5 points) level competition. 4. What is a monopoly? (0.

5 points) when one company controls an entire neighborhood of goods or services, so that customers dont have other choices 5. What is a motivation? (0.5 points) a solid ground for doing something Lesson 3 (3.0 points) 1. What is land as a factor of product? (0.5 points) not just the spring up of the earth, but everything in the initiation that wasnt created by people 2. What does the fair play of Demand say? (0.5 points) that if all o ther factors are equal, the train will go d! own if the equipment casualty goes up, and the demand will go up if the price goes down 3. What does the Law of put up say? (0.5 points) that if all other factors are equal, the hand over will increase if the price goes up, and the supply will rule out if the price goes downIf you want to get a full essay, modulate of battle it on our website: OrderEssay.net

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