Personal Finance Final

Tangible items that can be touched, used, and purchased are _____.

• services

• goods

• wants

• needs

What decision-making strategy weighs the costs against the benefits of an action, purchase, or financial decision?

• marginal analysis

• opportunity cost

• cost-benefit analysis

• common sense

Social Security, Medicare, and Medicaid are examples of what?

• entitlements

• outsourcing

• globalization

• technological advances

Intangible activity that another person usually performs for a fee.

• goods

• service

• resource

• demographics

A period of rising prices is known as:

• Inflation

• Deflation

• Recession

• Wallet-Band Elastation

Things a person desires but can live without

• food

• wants

• needs

Which of the following is a need for all humans.

• Internet

• Gluten Free Bread

• Shelter

• Snapchat

In-state tuition given to students from a neighboring state is called:

• reciprocity

• proximity

The best types of loan to apply for are:

• subsidized

• unsubsidized

Which of the following have increased the costs of attending college?

• Campus improvements paid by students

• Other peoples' inabilities to pay back loans

• Poor investment Options

• All of the above