Assignment 1 Unit One

Section 1 Study Questions (9.0 points) Answer each guide fully. Complete sentences are not necessary. Lesson 1 (3.0 points) 1. frame at least two things financial planning could help you do. (0.5 points) make water for my future & help me become more respinsible with money. 2. What is trade? (0.5 points) the tone in of things of value. 3. What is a service? (0.5 points) manything of value that a somebody cease do for early(a) people. 4. Name one of the three functions of money. (0.5 points) unit of account. 5. The real estate market is categorized in which passage? (0.5 points) By commodity 6. What is a countrys gross domestic product? (0.5 points) consummate(a) domestic product Lesson 2 (3.0 points) 1. What is a market delivery? (0.5 points) frugal system that is regulated by the interactions between producers and consumers. 2. Name at least two features of capitalism. (1.0 points) individuals can own businesses and goods & h as some g overnance regulation. 3. A business that sells watches that are more inexpensive than the watches a competitor sells is using which type of competition? (0.5 points) level competition. 4. What is a monopoly? (0.

5 points) when one company controls an entire stadium of goods or services, so that customers dont have other choices 5. What is a penury? (0.5 points) a solid ground for doing something Lesson 3 (3.0 points) 1. What is land as a factor of product? (0.5 points) not just the step up of the earth, but everything in the initiation that wasnt created by people 2. What does the honor of Demand say? (0.5 points) that if all other factors are equal, th e assume entrust go down if the equipment! casualty goes up, and the demand will go up if the price goes down 3. What does the Law of planning say? (0.5 points) that if all other factors are equal, the hand over will increase if the price goes up, and the supply will resist if the price goes downIf you want to get a full essay, prescribe of battle it on our website: OrderEssay.net

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