Question 1

Medical coverage limited to catastrophic illness has a large deductible.

Accepted Answer

A) True 
 B)False  True

Question 2

John Kenneth Galbraith argues that wants are capable of:

Accepted Answer

A)  fulfilling needs. 
B)  liberalizing values. 
C)  indefinite expansion. 
D)  reconciling conflict. 
A)  fulfilling needs. 
B)  liberalizing values. 
C)  indefinite expansion. 
D)  reconciling conflict. C

Question 3

Lower-priced money is used for:

Accepted Answer

A)  recreation and entertainment. 
B)  furniture. 
C)  discretionary spending. 
D)  tangible assets. 
A)  recreation and entertainment. 
B)  furniture. 
C)  discretionary spending. 
D)  tangible assets. D

Question 4

The consumer price index does not include:

Accepted Answer

A)  automobiles. 
B)  clothing. 
C)  taxes. 
D)  food. 
A)  automobiles. 
B)  clothing. 
C)  taxes. 
D)  food.

Question 5

The least expensive medical insurance policy for young, healthy couples is one that has a high deductible rate and is limited to:

Accepted Answer

A)  care from a general practitioner. 
B)  catastrophic illness. 
C)  everyday medical problems. 
D)  prepaid fees. 
A)  care from a general practitioner. 
B)  catastrophic illness. 
C)  everyday medical problems. 
D)  prepaid fees.

Question 6

Mike and Laura are married. Mike works outside the home, while Laura does not. Money may be used as a source of ____________ by Mike.

Accepted Answer

A)  need 
B)  happiness 
C)  sharing 
D)  power 
A)  need 
B)  happiness 
C)  sharing 
D)  power

Question 7

In the face of a mild recession, it would be wise to:

Accepted Answer

A)  avoid debts with balloon payments. 
B)  place cash in long term bank deposits. 
C)  ignore nominal prices. 
D)  stop planning for retirement. 
A)  avoid debts with balloon payments. 
B)  place cash in long term bank deposits. 
C)  ignore nominal prices. 
D)  stop planning for retirement.

Question 8

Americans spend the largest percentage of their income on:

Accepted Answer

A)  food. 
B)  taxes. 
C)  housing. 
D)  medical care. 
A)  food. 
B)  taxes. 
C)  housing. 
D)  medical care.

Question 9

Explain the relationship between work, money, and intimacy.

Accepted Answer

They are closely intertwined: trouble in

Question 10

One of the propositions in Galbraith's theory of consumer demands is the notion that:

Accepted Answer

A)  tighter credit restrictions will reduce the demand for products and create inflation. 
B)  the urgency of wants does not diminish appreciably as more of them are satisfied. 
C)  thrift and saving are gradually replacing buying and spending. 
D)  advertisers have a moral responsibility to the American public. 
A)  tighter credit restrictions will reduce the demand for products and create inflation. 
B)  the urgency of wants does not diminish appreciably as more of them are satisfied. 
C)  thrift and saving are gradually replacing buying and spending. 
D)  advertisers have a moral responsibility to the American public.

Question 11

The best protection for the least money invested is:

Accepted Answer

A)  term insurance. 
B)  whole-life insurance. 
C)  universal life insurance. 
D)  credit life insurance. 
A)  term insurance. 
B)  whole-life insurance. 
C)  universal life insurance. 
D)  credit life insurance.

Question 12

Newlywed couples are likely to experience a:

Accepted Answer

A)  slight decline in their standard of living. 
B)  drastic decline in their standard of living. 
C)  small rise in their standard of living. 
D)  major increase in their standard of living. 
A)  slight decline in their standard of living. 
B)  drastic decline in their standard of living. 
C)  small rise in their standard of living. 
D)  major increase in their standard of living.

Question 13

According to John Kenneth Galbraith, wants originate in:

Accepted Answer

A)  advertisement slogans. 
B)  the personality of the consumer. 
C)  our biological instincts. 
D)  a person's peer group. 
A)  advertisement slogans. 
B)  the personality of the consumer. 
C)  our biological instincts. 
D)  a person's peer group.

Question 14

The economy alternates between relatively long periods of recession and shorter periods of inflation.

Accepted Answer

A) True 
 B)False

Question 15

In order to obtain a mortgage, you must have:

Accepted Answer

A)  disability insurance. 
B)  fire insurance. 
C)  personal liability insurance. 
D)  catastrophic insurance. 
A)  disability insurance. 
B)  fire insurance. 
C)  personal liability insurance. 
D)  catastrophic insurance.

Question 16

What are the warning signs that an individual is heading down a road of money problems?

Accepted Answer

Spending more than they make; having no

Question 17

Financial independence is synonymous with:

Accepted Answer

A)  freedom. 
B)  bankruptcy. 
C)  credit. 
D)  marriage. 
A)  freedom. 
B)  bankruptcy. 
C)  credit. 
D)  marriage.

Question 18

Over half of all wives are now in the labor force.

Accepted Answer

A) True 
 B)False

Question 19

Most women enter the labor force to:

Accepted Answer

A)  escape the pressures of child rearing. 
B)  express their independence. 
C)  find a constructive outlet for their spare time. 
D)  help make ends meet. 
A)  escape the pressures of child rearing. 
B)  express their independence. 
C)  find a constructive outlet for their spare time. 
D)  help make ends meet.

Question 20

Courting couples rarely discuss:

Accepted Answer

A)  sex. 
B)  personal dislikes. 
C)  family planning. 
D)  money. 
A)  sex. 
B)  personal dislikes. 
C)  family planning. 
D)  money.

Medical coverage limited to catastrophic illness has a large deductible.

John Kenneth Galbraith argues that wants are capable of:

Lower-priced money is used for:

The consumer price index does not include:

The least expensive medical insurance policy for young, healthy couples is one that has a high deductible rate and is limited to:

Mike and Laura are married. Mike works outside the home, while Laura does not. Money may be used as a source of ____________ by Mike.

In the face of a mild recession, it would be wise to:

Americans spend the largest percentage of their income on:

Explain the relationship between work, money, and intimacy.

One of the propositions in Galbraith's theory of consumer demands is the notion that:

The best protection for the least money invested is:

Newlywed couples are likely to experience a:

According to John Kenneth Galbraith, wants originate in:

The economy alternates between relatively long periods of recession and shorter periods of inflation.

In order to obtain a mortgage, you must have:

What are the warning signs that an individual is heading down a road of money problems?

Financial independence is synonymous with:

Over half of all wives are now in the labor force.

Most women enter the labor force to:

Courting couples rarely discuss:

Human Intimacy in the Brave New World of Family Diversity

Human Intimacy, Relationships, Marriage, and the Family

American Ways of Love

Gender Convergence and Role Equity

Communication in Intimate Relationships

Dating, Single Life, and Mate Selection

Marriage, Intimacy, Expectations, and the Fully Functioning Person

Human Sexuality

Family Planning, Pregnancy and Birth

The Challenge of Parenthood

Family Life Stages: Middle-Age to Surviving Spouse

The Dual-Worker Family: the Real American Revolution

Family Crises

The Dissolution of Marriage

Remarriage: a Growing Way of American Life

Actively Seeking Marital Growth and Fulfillment

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Exam 12: The Importance of Making Sound Economic Decisions

Medical coverage limited to catastrophic illness has a large deductible.

John Kenneth Galbraith argues that wants are capable of:

Lower-priced money is used for:

The consumer price index does not include:

The least expensive medical insurance policy for young, healthy couples is one that has a high deductible rate and is limited to:

Mike and Laura are married. Mike works outside the home, while Laura does not. Money may be used as a source of ____________ by Mike.

In the face of a mild recession, it would be wise to:

Americans spend the largest percentage of their income on:

Explain the relationship between work, money, and intimacy.

One of the propositions in Galbraith's theory of consumer demands is the notion that:

The best protection for the least money invested is:

Newlywed couples are likely to experience a:

According to John Kenneth Galbraith, wants originate in:

The economy alternates between relatively long periods of recession and shorter periods of inflation.

In order to obtain a mortgage, you must have:

What are the warning signs that an individual is heading down a road of money problems?

Financial independence is synonymous with:

Over half of all wives are now in the labor force.

Most women enter the labor force to:

Courting couples rarely discuss:

Human Intimacy in the Brave New World of Family Diversity

Human Intimacy, Relationships, Marriage, and the Family

American Ways of Love

Gender Convergence and Role Equity

Communication in Intimate Relationships

Dating, Single Life, and Mate Selection

Marriage, Intimacy, Expectations, and the Fully Functioning Person

Human Sexuality

Family Planning, Pregnancy and Birth

The Challenge of Parenthood

Family Life Stages: Middle-Age to Surviving Spouse

The Dual-Worker Family: the Real American Revolution

Family Crises

The Dissolution of Marriage

Remarriage: a Growing Way of American Life

Actively Seeking Marital Growth and Fulfillment

Filters