WorksheetsPersonal Finance: Unit One Online Post Test
Total questions: 20
Worksheet time: 40mins
Which of these is a want?
Which of the following things is a want?
Food
Sleep
Television
Water
What is answer is an example of an opportunity cost?
Your choice to not read a book.
Going to work to earn money instead of taking a nap.
Which one of these definitions best describes what an opportunity cost is?
The cost of making one decision over another
The cost for the opportunity to buy anything you want
The opportunity that will cost you loads of money
Babysitting
Alex chooses to not watch his favorite TV show in order to study for a math quiz. What is the opportunity cost of his decision?
studying for a quiz
watching TV
eating dinner
taking a nap
How much of something that is available to purchase is ______________.
Ration
Demand
Money
Supply
How long are short-term goals?
1 year or less
3 years
5 years
1 decade
How long do long-term goals take to achieve?
5 years or more
3 years
1 year or less
90 days
The NUMBER ONE reason why people work is
To be around others
To have peace of mind
To learn new thing
To make money
Being a teacher is a
job
career
occupation
A job is something you
go to college for
really enjoy doing
do to make money
What is the main difference between a job and a career?
a career is long-term and a job is often temporary
you start your career in college and then get a job later
a career requires no training
all of the above
_____________ is how much of a product is available to buy.
Consumer
Producer
Supply
Demand
People's willingness to buy goods or services
Demand
Supply
Barter
Trade
Which of the following sections shows a slump (depression) in the business cycle?
A
B
C
D
Which of the following sections shows a recession (contraction) in the business cycle?
A
B
C
D
Which of the following sections shows recovery (expansion) in the business cycle?
A
B
C
D
Which of the following sections shows a peak in the business cycle?
A
B
C
D
