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everfi end tests answered latest

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everfi end tests answered latest which of the following would be considered a want rather than a need for most people: a place to live, warm clothes, a phone, food a phone what is an opportunity cost the trade off of making one choice and giving up a different choice where should you look i...

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  • January 20, 2023
  • 4
  • 2022/2023
  • Exam (elaborations)
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everfi end tests answered latest 2022-2023
which of the following would be considered a want rather than a need for most people: a place to
live, warm clothes, a phone, food

a phone

what is an opportunity cost

the trade off of making one choice and giving up a different choice

where should you look if you want to buy a computer for the fairest and most reliable information

an independent consumer education website that reviews and rates computers

what should you include for a budget of a business

all income and expenses

which of the following is a variable expense for many adults: monthly rent payment, monthly car
payment, monthly health insurance payment, monthly cost of eating at restaurants

monthly cost of eating at restaurants

which expense isn't a need: car insurance, rent payment, groceries, cable service

cable services

if you know the unit prices of two different brands of an item, what are you better able to

compare the prices of the two brands

you received $50 as a birthday gift and chose to spend it on new wallpaper. what is the opportunity
cost: other items you could have bought, the price, the time you could have spent doing something
else

the time you could have spent doing something else

which of the following is not true of a budget: budgets include both income and expenses, once a
budget is set it shouldn't be revisited, a budget can include charitable giving, budgets help you plan
how to spend money you earn or receive

once a budget is set it shouldn't be revisited

what is not a successful budgeting strategy: buy your needs first, pay with a credit card if you have a
hard time sticking to a budget, keep some extra money, revisit your budget regularly

pay with a credit card if you have a hard time sticking to a budget

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