ECON FINAL REVIEW

You see an advertisement online for a great gift that you'd like to get your friend for their birthday, but you want to see if the company is legitimate first. What organization can help you see a business's rating and accreditation?

• Better Business Bureau

• Consumer Product Safety Commission

• Consumer Reports

• Consumer Financial Protection Bureau

Liking is used in advertisement to influence people to buy their products/ services by all of the following except______.

• Using models that identify with their clients

• Telling the story about their business

• Use social links to help advertise their media like Pinterest

• Letting consumers know that there only 2 items in stock

Altruism is _______.

• Not a good way to strengthen positive feelings about yourself

• Contagious and promotes social connection

• Pointless because no one notices

• Not a good way to strengthen communities

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.1

CCSS.RL.8.1

CCSS.RL.9-10.2

All of the following are examples of donations Except:

• Community service

• Financial contributions

• Crowdfunding

• Goods

What category would your electricity bill that varies each month fit in?

• Debt

• Variable expenses

• Fixed expenses

• Assets

The goal of budgeting is to make sure that you are spending money on things that you can afford. If you are spending more money than you earn, what economic situation exists for you?

• Surplus

• Deficit

• Foreclosure

• Negative credit

What tool helps to protect individuals from financially devastating events?

• Certificate of deposit

• Credit card

• Money market account

• Insurance

Michael works in sales. He gets a base salary. In addition, if he exceeds his sales quotas, he gets bonus. A bonus is an example of_________.

• Incentives

• Federal aid

• Benefits

• Scholarship

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.1

CCSS.RL.8.1

CCSS.RL.9-10.2

Carlos has some extra gravel from a summer project he completed. His neighbor, Dan is upgrading his lawn mower. Dan is willing to trade his lawn mower to Carlos for Carlos' gravel. What is this called?

• Gambling

• Inheritance

• Royalty

• Barter

_______ is a type of employment in which a person typically works at least 30 hours per week or 130 per month

• Full-time employment
• Part-time employment
• Contract employment
• As needed basic