What is the definition of a benefit?
(1 point)
Responses
a government-provided reward
a government-provided reward
a high rate of return on investment
a high rate of return on investment
an advantage of making a specific choice
an advantage of making a specific choice
an ability to produce better goods than the competition
an ability to produce better goods than the competition
The definition of a benefit is an advantage of making a specific choice.
A city council has $100,000 to spend on city improvements. The council may choose to spend this money on buying two new fire trucks or updating four local parks. Which of the following is a trade-off of choosing to spend the money on four local parks?
(1 point)
Responses
Firefighters must use older trucks.
Firefighters must use older trucks.
Local parks will be open shorter hours.
Local parks will be open shorter hours.
More people will enjoy visiting local parks.
More people will enjoy visiting local parks.
No money will be available to pay firefighters.
The trade-off of choosing to spend the money on four local parks is that no money will be available to pay firefighters.
You have limited money with which to buy lunch while out with friends. What is the most likely short-term consequence of choosing to spend all of the money on a pack of cookies in the morning?
(1 point)
Responses
getting hungry in the afternoon
getting hungry in the afternoon
saving money for another lunch
saving money for another lunch
giving up eating lunch tomorrow
giving up eating lunch tomorrow
deciding to eat cookies for lunch every day
The most likely short-term consequence of choosing to spend all of the money on a pack of cookies in the morning is getting hungry in the afternoon.
Devin and Manny are both shopping for a new home. Devin has a high-paying job, but needs a home equipped for a person in a wheelchair. Manny has a low-paying job and would like to live in a very specific neighborhood near his friends.
Use the passage to answer the question.
From the information in the passage, why might Devin and Manny select different homes? Select the two correct answers.
(1 point)
Responses
They have different needs that likely cannot be met by the same home.
They have different needs that likely cannot be met by the same home.
They like the looks of different styles of houses.
They like the looks of different styles of houses.
Devin can afford to spend more money on a home than Manny can pay.
Devin can afford to spend more money on a home than Manny can pay.
Manny is willing to look in more areas than Devin will search.
The correct answers are:
- They have different needs that likely cannot be met by the same home.
- Devin can afford to spend more money on a home than Manny can pay.
the third one was wrong
I apologize for the mistake. You are correct, the third option is incorrect. The correct answers are:
- They have different needs that likely cannot be met by the same home.
- Devin can afford to spend more money on a home than Manny can pay.