Edmentum Personal Finance Course EXAM
2025 QUESTIONS AND ANSWERS
What is the economic term used for sustained increase in the price of goods and services?
A. inflation
B. depression
C. recession
D. deflation - ANS A. inflation
What is Nick causing?
Nick has set up his steel factory near a community lake. The waste from his factory is directly
thrown in the lake and is causing the death of the fishes in the lake. This is an example of a
negative _______. - ANS externality
There are many food carts near Mark's university. Mark and his friends regularly buy hot dogs
from Jeff's cart. Recently, Andrea opened a business selling two-for-one hamburgers near Jeff's
cart. What will be the effect on Jeff's hot dog cart?
A. demand for his hot dogs will increase
B. supply of for his hot dogs will decrease
C. supply of his hot dogs will increase
D. demand for his hotdogs will decrease - ANS D.
demand for his hotdogs will decrease
1
Page
@COPYRIGHT BRAINBARTER 2025/2026
, Elena wants to open a Chinese restaurant near a university. She has the required capital to start
her restaurant. However, she is unable to find good chefs for her restaurant. Which type of
resource is Elena lacking?
A. natural
B. human
C. capital
D. entrepreneurship - ANS B. human
What is brand awareness?
A. how much potential consumers like a particular brand over another
B. how willing a consumer is to purchase a specific brand
C. how well a brand is recognized by potential customers
D. how well a brand is doing in comparison to its competitors - ANS C. how well a brand is
recognized by potential customers
Which two of the following are benefits of consumer programs?
They help prosecute companies that sell unsafe products to consumers.
They are funded by taxpayers, not by consumers.
They help maintain industry standards by issuing professional licenses.
They help consumers identify the best product reviews from various sources. - ANS They
help prosecute companies that sell unsafe products to consumers.
They help maintain industry standards by issuing professional licenses.
A fast food chain that wants to inform consumers about its latest dollar menu item will most
likely use _____ to do so.
2
Page
@COPYRIGHT BRAINBARTER 2025/2026
2025 QUESTIONS AND ANSWERS
What is the economic term used for sustained increase in the price of goods and services?
A. inflation
B. depression
C. recession
D. deflation - ANS A. inflation
What is Nick causing?
Nick has set up his steel factory near a community lake. The waste from his factory is directly
thrown in the lake and is causing the death of the fishes in the lake. This is an example of a
negative _______. - ANS externality
There are many food carts near Mark's university. Mark and his friends regularly buy hot dogs
from Jeff's cart. Recently, Andrea opened a business selling two-for-one hamburgers near Jeff's
cart. What will be the effect on Jeff's hot dog cart?
A. demand for his hot dogs will increase
B. supply of for his hot dogs will decrease
C. supply of his hot dogs will increase
D. demand for his hotdogs will decrease - ANS D.
demand for his hotdogs will decrease
1
Page
@COPYRIGHT BRAINBARTER 2025/2026
, Elena wants to open a Chinese restaurant near a university. She has the required capital to start
her restaurant. However, she is unable to find good chefs for her restaurant. Which type of
resource is Elena lacking?
A. natural
B. human
C. capital
D. entrepreneurship - ANS B. human
What is brand awareness?
A. how much potential consumers like a particular brand over another
B. how willing a consumer is to purchase a specific brand
C. how well a brand is recognized by potential customers
D. how well a brand is doing in comparison to its competitors - ANS C. how well a brand is
recognized by potential customers
Which two of the following are benefits of consumer programs?
They help prosecute companies that sell unsafe products to consumers.
They are funded by taxpayers, not by consumers.
They help maintain industry standards by issuing professional licenses.
They help consumers identify the best product reviews from various sources. - ANS They
help prosecute companies that sell unsafe products to consumers.
They help maintain industry standards by issuing professional licenses.
A fast food chain that wants to inform consumers about its latest dollar menu item will most
likely use _____ to do so.
2
Page
@COPYRIGHT BRAINBARTER 2025/2026
