Economics Unit Exams 1-5 Primavera Questions and Answers (2023/2024) with Certified Solutions

Economics Unit Exams 1-5 Primavera Questions and Answers (2023/2024) with Certified Solutions NB: Answers appear at the bottom of the choices and are highlighted in yellow. Read the sentence. You own a greeting card startup business with a limited advertising budget. Which form of advertising offers the greatest benefit at the lowest cost? online, because it reaches the widest consumer base and is cost-effective television, because it reaches the widest consumer base once production costs are met newspaper, because it reaches a small but educated subscriber base in most markets radio, because it has a focused consumer base and is cost-effective online, because it reaches the widest consumer base and is cost-effective Read the scenario. Ronnie is 21 and has three credit cards, each of which has a balance. His debt-to-credit ratio is 80 percent, and he has applied for his first car loan. Why will his interest rate be higher than what is typical? His interest rate will be higher because he is 21, has perfect credit, and has proof of previous loans. His interest rate will be higher due to having several credit cards and a high debt-to-credit ratio. His interest rate will be higher due to having only three credit cards, which he pays each month. His interest rate will be higher because he has had a car loan in the past and made payments. His interest rate will be higher due to having several credit cards and a high debt-to-credit ratio. Read the scenario. Joanne just changed jobs and has the option of receiving a paper check or using direct deposit. She has an account with a credit union 10 miles from her home and is a very busy person with little free time. Which is most appropriate for Joanne? She should drive to her credit union and deposit the check there using the automated teller machine. She should have her pay direct deposited so that she does not have to drive to the credit union every week. She should cash the check at the local check-cashing company near her house and pay the extra fee. She should stand in line at her local bank every week to cash her check in person. She should have her pay direct deposited so that she does not have to drive to the credit union every week. Read the scenario. Bill recently graduated from high school. He has decided to enter military service. Which statements best describe potential outcomes of joining the military? (Select all that apply.) Bill may receive tax credits if he earns a teaching credential following his military service. Bill may receive tuition assistance for school after serving for a certain number of years. Bill may have to pay higher taxes to repay the government for his military benefits. Bill may have access to job training while he is earning a salary in the military. Bill may receive tuition assistance for school after serving for a certain number of years. Bill may have access to job training while he is earning a salary in the military. Which items can a person use to ensure the return of funds to a payday loan company? (Select all that apply.) certified note personal check ACH authorization verbal contract Read the scenario. Sally wants a new exercise machine but does not want to pay for it right away. She has a private label card with a sporting goods store offering zero percent interest for six months and then 29 percent interest. She also has a general-purpose card offering 16 percent interest after 30 days. She will receive a bonus from work in three months that will cover the cost of the machine she wants. Which is her best choice to pay the least amount of interest? the general-purpose card a payday loan the private label card a cash advance the private label card Where would an allowance be reflected on a budget sheet? available to save income variable expenses fixed expenses income Which is the term for borrowing money to make purchases right away and then paying the money back later? credit capital debit savings credit