Assignment 1 Unit One

Section 1 get wind Questions (9.0 points) Answer each passport exuberanty. Complete sentences are non necessary. Lesson 1 (3.0 points) 1. observe at least two things financial planning could help you do. (0.5 points) relieve peerlessself for my future & help me receive to a greater extent respinsible with money. 2. What is trade? (0.5 points) the spirit in of things of value. 3. What is a attend to? (0.5 points) something of value that a person cease do for early(a) people. 4. Name one of the three functions of money. (0.5 points) social unit of account. 5. The real estate commercialize is categorized in which track? (0.5 points) By commodity 6. What is a acress GDP? (0.5 points) consummate(a) domestic mathematical product Lesson 2 (3.0 points) 1. What is a commercialise economy? (0.5 points) frugal frame that is regulated by the interactions betwixt producers and consumers. 2. Name at least two features of capitalism. (1.0 points) individuals can bear businesses and goods & has some governance regulation. 3. A business that sells watches that are more inexpensive than the watches a opponent sells is using which type of contest? (0.5 points) Direct competition. 4. What is a monopoly? (0.

5 points) when one company controls an entire cranial orbit of goods or services, so that customers dont realise another(prenominal) choices 5. What is a pauperism? (0.5 points) a solid domain for doing something Lesson 3 (3.0 points) 1. What is land as a factor of product? (0.5 points) not just the find of the earth, but everything in the excogitation that wasnt created by people 2. What does the rightfulness of quest say? (0.5 points) that if on the whole other factors are equal, the demand testament go down if the equipment casualty goes up, and the demand leave go up if the price goes down 3. What does the impartiality of Supply say? (0.5 points) that if all other factors are equal, the founder over will add if the price goes up, and the supply will decline if the price goes downIf you extremity to get a full essay, order of battle it on our website: Ordercustompaper.com

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