Economics Unit 4 Test Review

People's choices about their ____________ and ________________ can affect their future earning capability and job satisfaction.

• Educational transcript, Skill development

• Educational transcript, Skilled task

• Skill Development, Education

• Education, Skilled task

Planning early can provide more options to pay for: _____________________.

• Post-secondary training and education

• Pre- transition training and education

• Post-transition training and education

• Pre-secondary training and education

It’s essential to understand that _______________ and _________________ availability are determined primarily by consumer demand in the market-oriented economy.

______________, _____________, and _________________ changes have a huge impact on future jobs. It’s essential to understand the difference in our society to adapt and be prepared for your future employment.

• Psychological, economic, and technological

• Sociological, ecology, and technological

• Sociological, economic, and technological

• Technological, economic, and pathological

Life doesn’t have to revolve around making the highest amount of money, but you must keep in mind that the type of ___________________ you would like to live with is dependent on your career and its salary/income.

• Income

• Lifestyle

• Career

• Household

____________________ is the money you have made.

• Earnings

• Income

• Taxes

• Payroll

__________________ and _______________ are examples of government programs that provide insurance against loss of income and benefits to eligible recipients.

• Medication and socioeconomics

• Social security and medication

• Medicare and socioeconomics

• Social security and Medicare

When all deductions are taken out of gross pay, the amount left is known as:

• Collateral

• Netpay

• Income

• Wages

____________ are offered to employees over and above what they receive as a salary.

• Employee wages

• Employee benefits

• Employee retirement

• Employee options

What is a required payment by a taxpayer mandated by the government?

• Income

• Benefits

• Tax

• Laws