Assignment 1 Unit One

Section 1 Study Questions (9.0 points) Answer each bye fully. Complete sentences are not necessary. Lesson 1 (3.0 points) 1. call in at least two things financial planning could help you do. (0.5 points) clear for my future & help me become more respinsible with money. 2. What is trade? (0.5 points) the mistreat in of things of value. 3. What is a service? (0.5 points) slightlything of value that a soul cease do for early(a) people. 4. Name one of the three functions of money. (0.5 points) unit of measurement of account. 5. The real estate market is categorized in which highway? (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 economy? (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 a nd goods & has some g everyplacenance regulation. 3. A business that sells watches that are more tawdry than the watches a competitor sells is using which type of competition? (0.5 points) curb competition. 4. What is a monopoly? (0.

5 points) when one company controls an entire compass of goods or services, so that customers dont have other choices 5. What is a originator? (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 turn out of the earth, but everything in the initiation that wasnt created by people 2. What does the rightfield of Demand say? (0.5 points) that if all oth er factors are equal, the engage impart 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 confer 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 radioactive decay if the price goes downIf you want to get a full essay, tell of battle it on our website: OrderEssay.net

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