1. What character did you choose from the available choices? Why? What are the pros and cons
of choosing this character in the game?
I chose Pat the Plastic Surgeon because the income was fairly high so it seemed like a rather easy
choice. The pros are a
1. What is inflation risk?
Inflation risk is a price on an item or service rising or falling. Deciding to buy at a particular time
runs the risk that a price may fall after the purchase, or rise before the purchase.
2. What are opportunit
1. What are some of the financial decisions that people face? What are trade-offs? What are
some of the trade-offs that you may face?
In an age where an undergraduate degree no longer seems to be good enough, student loans
have become the biggest challeng
1. What are the four categories that you need to separate your expenses into? Which one do you
think makes up most of your own expenses? Why?
The four categories are food and drinks, transportation, clothing, and entertainment. I think
1. What are three economic stances that a government may have? Describe each of these
Neutral: a neutral stance indicates a balanced economy. In most cases, this stance leads
to more tax revenue for the government.