WorksheetsEcon-Financial Lit
Total questions: 10
Worksheet time: 37mins
An oven at a bakery is an example of which factor of production?
labor
entrepreneurship
natural resource
capital
As prices increase demand...
decreases
escalates
increases
stays the same
Volunteering in your community can help you network with other professionals. This will help you grow your?
Collective bargaining
Fringe benefits
Labor marketing
Human capital
The elasticity of demand for ice cream is .80, this means that demand for ice cream is?
relative to income
inelastic
substitute
elastic
Time would be an example of?
a factor of production
unlimited resource
a marginal cost
scarce resource
A printer and ink cartridges would be an example of what kind of good?
Complimentary
Demanded
Substitute
Natural
What is variable expense?
The amount of money you spend
The amount of money you save
An expense that costs different amounts every month
The variable in math
What is an emergency fund?
A savings account set aside for unexpected situations.
A way to invest for retirement.
Something most people don't need, because emergencies are rare.
An investment account that can grow over time.
You have 3000 dollars a month. Explain using the A.B.E. format... What are the keys to setting financial goals and how does the SMART acronym apply
