What is the main advantage of using money instead of bartering?

A. Many more people today use money than bartering to get goods and services.
B. Not all countries use the same types of money in their economies.
C. Money comes in many different values to pay for goods and services.
D. People do not have to have a good or service that another person wants.

C

Increased productivity most often leads to:

A. higher standards of livings
B. better educational opportunities
C. shorter working hours
D. lower profits and outputs

A

XYZ Gaming Inc. wants to invest in some new goods and services to raise its overall productivity. Which of these would be the best choice?

A. bigger desks for workers
B. faster Internet service
C. A new lunchroom
D. health training for employees

A or B?

I agree with your answers. 3 could be either B or D.

Thanks. Just a question- can 2. be C?

It's highly unlikely.

The last one is B

What is it called when prices rise at a high rate?

A.
interest rate

B.
net export

C.
inflation

D.
taxes

C. inflation

Which of these events would most likely lead to a rise in interest rates for home mortgages?

A.
The prices of homes for sale in a certain city rise by a great deal.

B.
Many new lenders begin offering home mortgages.

C.
Home sales increase greatly for several months in a row.

D.
The average time needed to sell a house doubles.

A. The prices of homes for sale in a certain city rise by a great deal.

Jayden opens a savings account with $100.00. His account earns 4% simple interest annually. How much money will be in his account one year later if he makes no deposits or withdrawals?

A.
$96.00

B.
$100.00

C.
$104.00

D.
$148.00

C. $104.00

Explanation:

To find the total amount in the account after one year, we need to add the interest earned to the principal (original amount).

Interest earned = Principal x Rate x Time

Here, Principal = $100.00, Rate = 4% (as a decimal, 0.04), and Time = 1 year.

Therefore, Interest earned = $100.00 x 0.04 x 1 = $4.00

Total amount in the account after one year = Principal + Interest earned = $100.00 + $4.00 = $104.00.