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WISE TEST VA (PART 1) QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+

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Economics Ans: Is the study of how people decide what they want and what they are willing to pay in order to get it Quiz: Scarcity Ans: Is when people want more of something than is available Quiz: Personal finance Ans: Is the way you manage your own money and the things you own Quiz: Financial planning Ans: Is making a plan for the future about how to mange your finances Quiz: Finance

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WISE TEST VA (PART 1) 2025- 2026 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
Economics

Ans: Is the study of how people decide what they want and what they are
willing to pay in order to get it



Quiz: Scarcity

Ans: Is when people want more of something than is available



Quiz: Personal finance

Ans: Is the way you manage your own money and the things you own



Quiz: Financial planning

Ans: Is making a plan for the future about how to mange your finances



Quiz: Finances

Ans: Are the money you have and the things you own that are worth
money



Quiz: Economy

Ans: System of trade

, Quiz: Trade

Ans: Exchange if things of value



Quiz: Value

Ans: Is what something is worth to people



Quiz: Commodity

Ans: Something of value that can be bought



Quiz: Financial exchange

Ans: Is when commodities are bought or sold using money



Quiz: Good

Ans: An item of value that a person can buy or make to sell



Quiz: Service

Ans: Something of value you can do for another



Quiz: Producer

Ans: Someone who makes a commodity available for sale or exchange



Quiz: Consumer

Ans: Is someone who buys or trades in order to receive the commodity



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Institution
WISE
Course
WISE

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Uploaded on
January 7, 2025
Number of pages
9
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

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Welcome to Metric – Your Go-To Study Resource on Stuvia! At Metric, we believe studying should be smart, efficient, and effective. That’s why we offer high-quality, exam-ready study notes, summaries, and resources designed to help you understand key concepts faster and achieve better results. Whether you're cramming for finals, revising for a quiz, or looking to deepen your understanding, Metric provides content that’s clear, structured, and aligned with real course requirements. ✨ What you’ll find at Metric: ✔️ Accurate, in-depth summaries ✔️ Easy-to-follow formats for fast revision ✔️ Notes based on real syllabus & past exams ✔️ Regularly updated content you can trust Join hundreds of students who rely on Metric to study smarter—not harder. Browse the shop, grab what you need, and level up your academic game today!ades with Expert Academic Help

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