Spending – Flashcards
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The point at which it is no longer advantageous to buy in bulk is known as marginal
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benefit.
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A monthly fixed rate mortgage payment
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never changes.
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This chart shows the actual pricing history for three items.
For which product(s) would it be most beneficial to wait before buying?
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smartphone
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Mr. and Mrs. Atoll are planning a party for 10 people and want to make sure they have enough soda for everyone to have two bottles. Which of the following makes the most economic sense?
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one case of 24 sodas at $18.50
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Which activity is done in Step 2 of comparison shopping?
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Assess the purchase objectively
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Read the scenario.
Brad has a steady job, solid income, and plans to live in a nearby city for the long term. He is looking to purchase both a car and a place to live, and he is very interested in building up equity and credit to add to his assets.
Which of the following illustrates the most economically sound choice for Brad?
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NOT leasing a car and buying a home
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Which is the best question to ask when deciding whether to lease or buy a car?
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NOT How much will I use the car?
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Advertising is used mainly to
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influence consumer tastes.
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Which statements apply to leasing a car? Check all that apply.
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There are mileage restrictions on the car.
You must return the car after the lease ends.
There are penalties for ending the lease early.
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It might cost less to purchase a new car rather than a used car because
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used cars are more likely to need repairs.
