EPF Final Study Guide Part 2

How are these economic changes likely to impact the EV market in the short term?

• The supply curve will shift right due to increased demand

• The supply curve will shift left due to the government incentive

• The supply curve may shift left because of rising input costs despite the incentive

• The demand curve will shift left because cars cost more

• EV manufacturers will exit the market

What is the most accurate comparison of the market structure these two companies operate in?

• Corner Coffee is in a monopolistic market; BrewHouse is in a monopoly

• Corner Coffee is in perfect competition; BrewHouse is in monopolistic competition

• Both operate under monopoly conditions

• BrewHouse is in an oligopoly; Corner Coffee is in a traditional economy

• Both are examples of government-regulated enterprises

Based on this information, what phase of the business cycle is the country most likely experiencing?

• Peak

• Contraction

• Expansion

• Recession

• Trough

Which tool would best help Tasha decide between these two options?

• Credit application

• Cost-benefit analysis

• Monthly budget

• Tax withholding chart

• Pay stub comparison

Which statement best describes Devin’s financial situation based on the information provided?

• He will be denied credit due to limited history

• His credit habits suggest poor financial discipline

• He has strong credit and is likely to receive favorable loan terms

• His credit utilization is too high to apply for new loans

• His score is too low for mortgage eligibility

What best describes the economic systems in these two regions?

• Both are market economies

• The village uses a command system; the country is traditional

• The village is traditional; the country operates under a command economy

• Both are examples of free enterprise

• The country is capitalist; the village is mixed

Which concept explains this efficient exchange?

• Trade barriers

• Comparative advantage

• Supply-side economics

• Subsidy programs

• Import quotas

What has happened to the U.S. dollar relative to the euro?

• The dollar has strengthened

• The euro has weakened

• The dollar has weakened

• The euro has deflated

• Exchange rates are fixed

Which application is the counselor referring to?

• CSS Profile

• 1040 EZ

• FAFSA

• Pell Grant

• Loan consolidation form

What type of scam is Anna likely being targeted with?

• Skimming

• Bait-and-switch

• Phishing

• Spoofing

• Investment fraud