a phone 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
the trade off of making one choice and giving up a different choice what is an opportunity
cost
an independent consumer education website that reviews and r...
EverFi end tests Questions and Answers
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a phone ✔✔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
the trade off of making one choice and giving up a different choice ✔✔what is an opportunity
cost
an independent consumer education website that reviews and rates computers ✔✔where should
you look if you want to buy a computer for the fairest and most reliable information
all income and expenses ✔✔what should you include for a budget of a business
monthly cost of eating at restaurants ✔✔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
cable services ✔✔which expense isn't a need: car insurance, rent payment, groceries, cable
service
, compare the prices of the two brands ✔✔if you know the unit prices of two different brands of
an item, what are you better able to
the time you could have spent doing something else ✔✔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
once a budget is set it shouldn't be revisited ✔✔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
pay with a credit card if you have a hard time sticking to a budget ✔✔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
salary ✔✔what is usually paid on a biweekly or monthly basis for professional employment
keeping track of how much you have spent is simple ✔✔why is paying with cash a good option
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