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money matters a final exam review #3

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Informal education includes things such as self-training and classes you would take at a college.

a)

True

b)

False

2.

In a market economy, the price for an item is set at a point that consumers are willing to pay and sellers are willing to accept.

a)

True

b)

False

3.

Overspending is a problem that often occurs when consumers are economizing.

a)

True

b)

False

4.

Self-employment income is a form of unearned income.

a)

True

b)

False

5.

Commission income is earned only when a sale is made.

a)

true

b)

false

6.

Employers with more than 25 employees are required by law to offer health insurance.

a)

true

b)

false

7.

Where can you get advanced training beyond a four-year degree?

a)

technical school

b)

graduate program

c)

community college

8.

Money that a person has available to spend or save after taxes are paid is known as

a)

disposable income

b)

earned income

c)

transfer payments

d)

wages

9.

An action taken by the Federal Reserve System to help stabilize the economy is known as

a)

gross domestic product (GDP)

b)

cost-of-living adjustment

c)

monetary policy

d)

fiscal policy

10.

Which of the following selling strategies is a form of direct advertising?

a)

social media marketing

b)

customer loyalty programs

c)

display advertising

d)

telemarketing