WorksheetsChapter 1 and 2 Review
Total questions: 53
Worksheet time: 1hrs 19mins
Economics is all about
money
choices
savings
What are the BENEFITS of a decision you make
options you give up/options you don't choose
what you gain from the decision
what you spend/lose from the decision (time, money, resources)
What are the COSTS of a decision you make
options you give up/options you don't choose
what you gain from the decision
what you spend/lose from the decision (time, money, resources)
What are the OPPORTUNITY COSTS of a decision you make
options you give up/options you don't choose
what you gain from the decision
what you spend/lose from the decision (time, money, resources)
HARD skills are
general/people skills
job specific
SOFT skills are
general/people skills
job specific
Teamwork is a
hard skill
soft skill
Knowing how to write code is a
hard skill
soft skill
You should use the same cover letter for every job you apply to.
true
false
A ______________ is a list of your skills and qualifications.
resume
cover letter
A popular promotion at stores is "Buy One, Get One Free."
Why do stores offer this deal to their customers?
they have deals to help customers save money
deals convince customers to buy things they don't need
Which of the following best describes what a cognitive bias is?
A rational way to make decisions that is based on research and facts
An error in the way we think that can influence our decisions
Which of the following scenarios BEST demonstrates FOMO (Fear of Missing Out)?
Megan takes a baking class after seeing a sign at her favorite bakery
David goes on vacation to Europe and posts about it on social media every day
Angela sees an ad for a pair of shoes and buys them
José wants to see a movie that his friends have seen and are talking about
Behavioral economics believes that…
People behave rationally when making economic decisions
People do not always behave rationally when making economic decisions
There is no way to predict how people will make economic decisions
Economic decision to use one more additional unit of a resource.
Which principle is this?
Thinking at the Margin
Incentives Matter
Trade Makes People Better Off
Future Consequences Count
I only have an hour of free time today. If I study, I can't see my friends.
Which Principle is this?
Costs versus Benefits
Thinking at the margin
Incentives Matter
I don't know how to fix my car, but I can pay a mechanic to do it.
Which principle is this?
Scarcity is a problem:
because human wants are limited while resources are unlimited.
because human wants are unlimited while resources are limited.
How many pages should a resume' be?
2 pages
3 pages double spaced
1 page
exactly 2 and a half pages
What should I include in a resume' if I'm in high school or recently graduated? (Choose all that apply)
Special skills
My work experience and leadership experience
Awards, honors, GPA
My weekend hobbies
Which of these do you NOT include on a resume?
education background
work experience
attitude
qualifications
This should be the largest thing on your resume.
Name
Phone number
Experience
Contact Information
Your Name
Why you are a good fit for the job
A ___________ explains why you want the job and relates your skills to the job.
resume
cover letter
GENERALLY a college degree helps you earn __________ money than if you just have a high school diploma.
more
the same
less
Olivia is applying for a job at a tech company.
What are the job requirements she should be aware of?
Skills, qualifications, and experience expected from Olivia.
The salary and benefits offered by the tech company.
Tasks and responsibilities assigned to Olivia.
The location and working hours of the job at the tech company.
Why is it important for Elijah to match his skills and qualifications with those mentioned in a job posting?
To show he has relevant skills for the job.
To prove that he is overqualified for the job.
To show that he has a diverse skill set.
Friends are discussing a job posting they found online.
How can they assess if the job is a good fit for them?
Only consider the salary offered by the job and nothing else
Ignore the job responsibilities and focus on the company's reputation
Carefully review the responsibilities and compare them to their skills and experience.
Choose the job only based on the location of the office
What is the main purpose of thoroughly reading a job description?
To increase the number of applications you need to submit
To make an informed decision about whether a job is right for you
To avoid reading other job descriptions
To quickly apply to as many jobs as possible
What type of job is this ad for?
Personal Shopper
IT Support Specialist
What is the name of the company looking for an IT Support Specialist?
Colonial Surety Company
Full Time Insurance
Is this a FULL TIME. or PART TIME. job?
full time
part time
WHERE is this job located?
Colonia, NJ
Woodcliff Lake, NJ
What is the salary for this job?
$20,000 - $50,000
$50,000 - $60,000
Does this job offer health insurance as a benefit?
yes
no
What is paid time off?
getting paid for doing extra work
getting paid to take a vacation or day off from work
According to the ad, people need 3 or more years of technical work experience to apply for this job.
true
false
What type of job is this ad for?
Store Shopper
cashier
Is this job for full time or part time?
full time
part time
What is the salary for this job?
$15 an hour
$10 an hour
How old must you be to apply for this job?
18
30
What is the primary purpose of a resume?
To list all of your past job titles
To showcase your skills, experiences, and qualifications
To include personal hobbies and interests
To provide references from previous employers
Which of the following is NOT typically included in a resume?
Contact information
Education background
Social media
Work experience
This is a form that the employee fills out when he/she is hired. It tells the employer how much federal income tax to withhold from each paycheck. If you are surprised to find out that you owe federal income taxes, you should change the deductions on this form.
net pay
social security
W-4
W-2
Which form must be completed to show that an employee is legally allowed to work in the United States?
I-9 Form
Direct Deposit Authorization Form
W-4 Form
Which form must be completed in order to collect information for Tax purposes?
I-9 Form
Direct Deposit Authorization Form
W-4 Form
Which form must be completed in order to authorize your employer to send your paycheck directly to your bank account?
I-9 Form
Direct Deposit Authorization Form
W-4 Form
