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Jeremy decided to contribute part of his earnings to the church fundraiser because, like his parents, he felt a strong commitment toward helping his church. Which type of factor M
Before buying her class ring, Beth compared costs and quality of rings from three sources.
Culteral
Ms. Dennis has $100 of his salary for each pay period deposited in an interest-bearing account.
purchase a new winter coat because she’d outgrown her old one.
The highest-valued alternative that must be given up when a choice is made
earning
Specific and time-bound
from habit.
What is the definition of opportunity cost?
Before buying her class ring, Beth compared costs and quality of rings from three sources.
Culteral
Ms. Dennis has $100 of his salary for each pay period deposited in an interest-bearing account.
purchase a new winter coat because she’d outgrown her old one.
The highest-valued alternative that must be given up when a choice is made
earning
Specific and time-bound
from habit.
Tom’s goal is to buy a $500 stereo system by saving $50 a week from each paycheck for the next ten months. Which phrase BEST describes this goal?
Before buying her class ring, Beth compared costs and quality of rings from three sources.
Culteral
Ms. Dennis has $100 of his salary for each pay period deposited in an interest-bearing account.
purchase a new winter coat because she’d outgrown her old one.
The highest-valued alternative that must be given up when a choice is made
earning
Specific and time-bound
from habit.
Which is an example of responsible spending?
Before buying her class ring, Beth compared costs and quality of rings from three sources.
Culteral
Ms. Dennis has $100 of his salary for each pay period deposited in an interest-bearing account.
purchase a new winter coat because she’d outgrown her old one.
The highest-valued alternative that must be given up when a choice is made
earning
Specific and time-bound
from habit.
Michelle charges $8 an hour when she babysits for neighbors. This is an example of which economic activity?
Before buying her class ring, Beth compared costs and quality of rings from three sources.
Culteral
Ms. Dennis has $100 of his salary for each pay period deposited in an interest-bearing account.
purchase a new winter coat because she’d outgrown her old one.
The highest-valued alternative that must be given up when a choice is made
earning
Specific and time-bound
from habit.
Which is an example of saving?
Before buying her class ring, Beth compared costs and quality of rings from three sources.
Culteral
Ms. Dennis has $100 of his salary for each pay period deposited in an interest-bearing account.
purchase a new winter coat because she’d outgrown her old one.
The highest-valued alternative that must be given up when a choice is made
earning
Specific and time-bound
from habit.
Which is the BEST example of needs influencing financial decisions? Carol decided to use her birthday money to:
Before buying her class ring, Beth compared costs and quality of rings from three sources.
Culteral
Ms. Dennis has $100 of his salary for each pay period deposited in an interest-bearing account.
purchase a new winter coat because she’d outgrown her old one.
The highest-valued alternative that must be given up when a choice is made
earning
Specific and time-bound
from habit.
Shannon always shops at Office Mall when she needs office/school supplies. This illustrates a decision made:
Before buying her class ring, Beth compared costs and quality of rings from three sources.
Culteral
Ms. Dennis has $100 of his salary for each pay period deposited in an interest-bearing account.
purchase a new winter coat because she’d outgrown her old one.
The highest-valued alternative that must be given up when a choice is made
earning
Specific and time-bound
from habit.
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