Question

can you answer these questions

In which situation would a savings account be the best investment to earn interest?

when you need to make frequent payments for bills
when you have to pay monthly installments for a loan
when you need immediate access to cash
when you want to buy a new car in 3 years

What is one reason why the government would provide financial assistance to an entrepreneur?

to decrease the high rate of failure of new businesses
to encourage the invention and development of products
to stimulate the economy while decreasing unemployment
to limit the amount of personal funds used to start the business

Corporate taxes are a type of

income tax.
property tax.
sales tax.
excise tax.

Look at the following chart.

A chart shows 2 options for producer A. Bullet 1 shows they can produce 200 apples and 100 oranges in 1 day. Bullet 2 shows they can produce 400 apples and 0 oranges in 1 day.
Producer A’s opportunity cost would be

analyzing the climate to see which fruit would grow better.
studying the profitability of growing apples versus oranges.
researching what competitors are doing.
choosing to grow both fruit varieties or only apples.

The graph shows the market for graphic T-shirts.



What does the graph show about the relationship between a product and its price?

As the amount of a product goes up, the price goes up.
As the amount of a product goes down, the price goes up.
As the interest in a product goes up, the price goes up.
As the interest in a product goes down, the price goes up.

Answer 1

1) when you need immediate access to cash
- Savings accounts are best for liquidity and quick access to funds.

2) to encourage the invention and development of products
- Governments often fund entrepreneurs to promote innovation and new products.

3) income tax
- Corporate taxes are taxes on a company's income.

4) choosing to grow both fruit varieties or only apples
- Opportunity cost is what you give up when you choose one production option over another (apples vs. oranges).

5) As the amount of a product goes down, the price goes up.
- The graph shows an inverse relationship between quantity and price (fewer units available or supplied → higher price).