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Personal Finance: Rational Decision making
Authored by Michael Howard
Social Studies
12th Grade
Used 22+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is a negative incentive?
increase wages will increase hours
makes people better called "rewards"
lower interest rates
decrease wages - less incentive to work
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The value of the choice that could have been chosen, but was not.
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What you give up when you choose one alternative over another. The alternative you don't choose.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
An unwillingness to give up something now in return for something later.
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A willingness to give up something now in return for something later.
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Step 1 in the decision making process
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Step 2 in the decision making process
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