Question 1

Large ____ differences between various Hispanic groups account for much of the differences in poverty rates.

Accepted Answer

A)  cultural 
B)  age 
C)  education 
D)  family size 
A)  cultural 
B)  age 
C)  education 
D)  family size

Question 2

Couples who want to make investment a part of their economic planning should follow all of the following steps EXCEPT:

Accepted Answer

A)  use credit wisely. 
B)  develop a comprehensive savings plan. 
C)  make their initial investment in something like oil or mining. 
D)  educate themselves about investment opportunities. 
A)  use credit wisely. 
B)  develop a comprehensive savings plan. 
C)  make their initial investment in something like oil or mining. 
D)  educate themselves about investment opportunities.

Question 3

Lower marital satisfaction is caused by all EXCEPT:

Accepted Answer

A)  worry about overdue bills. 
B)  disappointment about not being able to buy what they want. 
C)  discontent about the way they spend their money. 
D)  the benefits available to them. 
A)  worry about overdue bills. 
B)  disappointment about not being able to buy what they want. 
C)  discontent about the way they spend their money. 
D)  the benefits available to them.

Question 4

Where one lives is an important determinate of the kind of values that are passed to children.

Accepted Answer

A) True 
 B)False

Question 5

Most young people start down the road to continued debt by purchasing:

Accepted Answer

A)  automobiles. 
B)  clothes. 
C)  electronic items. 
D)  entertainment expenses. 
A)  automobiles. 
B)  clothes. 
C)  electronic items. 
D)  entertainment expenses.

Question 6

A New Jersey woman was given a loan to purchase 60 acres of undeveloped land in Arizona. The type of interest she will pay on this transaction is:

Accepted Answer

A)  compound interest. 
B)  simple interest. 
C)  discount interest. 
D)  direct interest. 
A)  compound interest. 
B)  simple interest. 
C)  discount interest. 
D)  direct interest.

Question 7

Vance Packard links the "psychological obsolescence" of products to:

Accepted Answer

A)  modern advertising. 
B)  personality flaws. 
C)  consumer power. 
D)  production cutbacks. 
A)  modern advertising. 
B)  personality flaws. 
C)  consumer power. 
D)  production cutbacks.

Question 8

In The Hidden Persuaders, Vance Packard questioned the morality of:

Accepted Answer

A)  discount interest. 
B)  advertising techniques. 
C)  consumer counseling. 
D)  open credit. 
A)  discount interest. 
B)  advertising techniques. 
C)  consumer counseling. 
D)  open credit.

Question 9

Discount interest is most likely to be charged on the purchase of:

Accepted Answer

A)  a franchise. 
B)  an automobile. 
C)  undeveloped land. 
D)  a first mortgage. 
A)  a franchise. 
B)  an automobile. 
C)  undeveloped land. 
D)  a first mortgage.

Question 10

____ have the highest median family incomes.

Accepted Answer

A)  Male householders with no wife present 
B)  Female householders with no husband present 
C)  Married couple households 
D)  Cohabiting couple households 
A)  Male householders with no wife present 
B)  Female householders with no husband present 
C)  Married couple households 
D)  Cohabiting couple households

Question 11

The real economic story for African Americans over the last 40 years has been the emergence of:

Accepted Answer

A)  free enterprise zones. 
B)  the African American middle class. 
C)  government job training programs. 
D)  a new entrepreneurial spirit. 
A)  free enterprise zones. 
B)  the African American middle class. 
C)  government job training programs. 
D)  a new entrepreneurial spirit.

Question 12

How has the family as a major consumption unit changed from the early years of our country?

Accepted Answer

In the early years of our country, 90% o

Question 13

A married couple wanted to buy a mobile home. They were ready to sign a contract after the sales representative offered them a sizeable discount on the model they had selected. The General Manager of the dealership then voided the offer and informed them that they would have to pay an additional two thousand dollars to purchase the home they had fallen in love with. This is an example of:

Accepted Answer

A)  bait and switch. 
B)  low balling. 
C)  the hard sell. 
D)  high balling. 
A)  bait and switch. 
B)  low balling. 
C)  the hard sell. 
D)  high balling.

Question 14

The factor(s) that is/are the most important determinant of economic contentment is/are:

Accepted Answer

A)  attitudes and values. 
B)  one's economic level. 
C)  consumer wants. 
D)  thrift and saving. 
A)  attitudes and values. 
B)  one's economic level. 
C)  consumer wants. 
D)  thrift and saving.

Question 15

The ____ is the most common indicator used by the popular media to measure price fluctuations.

Accepted Answer

A)  cost of living adjustment 
B)  federal interest rate 
C)  consumer price index 
D)  capital gains tax 
A)  cost of living adjustment 
B)  federal interest rate 
C)  consumer price index 
D)  capital gains tax

Question 16

Homes are purchased with:

Accepted Answer

A)  discount interest loans. 
B)  simple interest loans. 
C)  consumer credit loans. 
D)  compound interest loans. 
A)  discount interest loans. 
B)  simple interest loans. 
C)  consumer credit loans. 
D)  compound interest loans.

Question 17

Thrift and saving have gradually replaced buying and spending.

Accepted Answer

A) True 
 B)False

Question 18

If your income increases 20% in a year in which inflation is 10%, your real income has

Accepted Answer

A)  increased 30%. 
B)  increased 10%. 
C)  decreased 30%. 
D)  decreased 10%. 
A)  increased 30%. 
B)  increased 10%. 
C)  decreased 30%. 
D)  decreased 10%.

Question 19

The real income of most people has actually increased since:

Accepted Answer

A)  the turn of the century. 
B)  World War I. 
C)  the Great Depression. 
D)  World War II. 
A)  the turn of the century. 
B)  World War I. 
C)  the Great Depression. 
D)  World War II.

Question 20

A 5% inflation rate each year means that a dollar will lose over half its value in three years.

Accepted Answer

A) True 
 B)False

Large ____ differences between various Hispanic groups account for much of the differences in poverty rates.

Couples who want to make investment a part of their economic planning should follow all of the following steps EXCEPT:

Lower marital satisfaction is caused by all EXCEPT:

Where one lives is an important determinate of the kind of values that are passed to children.

Most young people start down the road to continued debt by purchasing:

A New Jersey woman was given a loan to purchase 60 acres of undeveloped land in Arizona. The type of interest she will pay on this transaction is:

Vance Packard links the "psychological obsolescence" of products to:

In The Hidden Persuaders, Vance Packard questioned the morality of:

Discount interest is most likely to be charged on the purchase of:

____ have the highest median family incomes.

The real economic story for African Americans over the last 40 years has been the emergence of:

How has the family as a major consumption unit changed from the early years of our country?

The factor(s) that is/are the most important determinant of economic contentment is/are:

The ____ is the most common indicator used by the popular media to measure price fluctuations.

Homes are purchased with:

Thrift and saving have gradually replaced buying and spending.

If your income increases 20% in a year in which inflation is 10%, your real income has

The real income of most people has actually increased since:

A 5% inflation rate each year means that a dollar will lose over half its value in three years.

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

Exam 12: The Importance of Making Sound Economic Decisions

Large ____ differences between various Hispanic groups account for much of the differences in poverty rates.

Couples who want to make investment a part of their economic planning should follow all of the following steps EXCEPT:

Lower marital satisfaction is caused by all EXCEPT:

Where one lives is an important determinate of the kind of values that are passed to children.

Most young people start down the road to continued debt by purchasing:

A New Jersey woman was given a loan to purchase 60 acres of undeveloped land in Arizona. The type of interest she will pay on this transaction is:

Vance Packard links the "psychological obsolescence" of products to:

In The Hidden Persuaders, Vance Packard questioned the morality of:

Discount interest is most likely to be charged on the purchase of:

____ have the highest median family incomes.

The real economic story for African Americans over the last 40 years has been the emergence of:

How has the family as a major consumption unit changed from the early years of our country?

The factor(s) that is/are the most important determinant of economic contentment is/are:

The ____ is the most common indicator used by the popular media to measure price fluctuations.

Homes are purchased with:

Thrift and saving have gradually replaced buying and spending.

If your income increases 20% in a year in which inflation is 10%, your real income has

The real income of most people has actually increased since:

A 5% inflation rate each year means that a dollar will lose over half its value in three years.

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