How do banks most help grow the economy?
(1 point)
Responses
They provide loans for consumers and investors.
They are difficult to steal from.
They are backed by the federal government.
They offer both checking and savings accounts.
They provide loans for consumers and investors.
A fast-food chain makes the decision to rebrand itself as a mid-range adult café instead of a cheap kid-friendly restaurant. This change will involve using higher-quality ingredients and renovating to remove children’s playgrounds.
Use the passage to answer the question.
What is the opportunity cost in the scenario above?
(1 point)
Responses
one-time expense of renovating restaurants
one-time expense of renovating restaurants
ongoing expense of high-quality ingredients
ongoing expense of high-quality ingredients
money that is expected to be provided by new adult customers
money that is expected to be provided by new adult customers
money that could have been made from families with young children
money that could have been made from families with young children
money that could have been made from families with young children
Jake decides to spend time over the weekend doing extra football practice. What is the most likely short-term consequence of his decision?
(1 point)
Responses
His football skills will get a little better.
His football skills will get a little better.
He will become a professional football player.
He will become a professional football player.
His coach will ask him to quit the team.
His coach will ask him to quit the team.
He will earn a football scholarship.
He will earn a football scholarship.
His football skills will get a little better.
Maria goes on a shopping trip to get ready for her vacation. She loads her cart with a bathing suit for $15.00, a sun hat for $8.00, magazines for $8.00, and a beach towel for $7.00. When she gets to the register, she realizes she only has $20.00 in her pocket.
Use the passage to answer the question.
If Maria decides to purchase the sun hat and towel, what is the opportunity cost of her purchase? Select the two correct answers.
(1 point)
Responses
The sun hat
The sun hat
the towel
the towel
the magazines
the magazines
the bathing suit
The bathing suit
the magazines