1. How does the GDP help determine the economic health of a nation?
The GDP is the total of all the goods and services produced by the country,the way
GDP determines the health of the economy is by calculating every year to see
whether the economy is impr
Let's Raise Kids to be Entrepreneurs unit 1 Lab
1. What does Cameron Herold argue that we should do to help children?
Cameron herold says that we should get kids to embrace the idea of becoming entrepreneurs
from a young age.
2. Why does Herold
Unit Four: Lab Questions
The Ascent of Money: Risky Business
1. Why do people buy insurance?
People buy insurance because they know there are risks. Without insurance they would not be
able to fix the situation themselves, never know what situa
Review Questions 3
1. What is regional economic integration?
Regional Economic Integration is where different states enter a regional agreement so that they
can improve regional economic cooperation through regional insti
Unit Four: Text Questions
1. What are the main reasons companies import goods?
One of the main reasons companies import goods is to give them a wide selection of products
and services to choose from. They may be importing somet
The Ascent of Money: Bonds of War
Unit 3 Lab Questions
1. What happened to the shares in the Mississippi Company? How did people react?
Law took the wealth of Louisiana dramatically which in created a boom in the stock demand for
What is a financial goal that you have? What are at least three strategies that you could use to
reach this goal?
One main financial goal I have is to open up my own non-alcoholic perfume business which has
been my hobby since I was young. One
What is one financial goal that you have? How do larger economic factors influence your
pursuit of this goal?
One big financial goal I have is to start my own perfume business in the lower mainland, there
are many ways I can achieve this goal b
How do scarce resources influence you personally? What impact does this have on your
Scarce resources allows me to spend my money wisely on the limited amount of perfumes
available so that when I sell my product I know whi
Unit 9 Text Questions.
1. What is a safe deposit box? What financial records are best kept in one?
Safe deposit box is a secure deposit box located in the bank, things like passport and more
important things are kept in it.
2. What are liquid assets? What
Unit 8 text questions
1. What is closed-end credit?
Closed-end credits are one time loans, which you pay back in the future in equal amounts.
2. What is open-end or revolving credit?
Open-end and revolving credit are the same thing, it means yo
Unit 8 Lab Questions
1. What are credit cards? Why do people use them?
Credit cards are basically legal cards that allow you to borrow money form the bank, people use
them because they can borrow money when they cant afford at the time of purch
The number of individuals who experience credit problems has grown in recent years. What
factors have contributed to this growth? What should be done to reduce this societal
The people who are going through this should educate themselves before t
What are some of the strategies that can help you use credit wisely?
There are a couple ways which I have learnt, one way is to think twice before buying anything.
Lets say a new game came out and you just spent your paycheck somewhere else, I
Unit Seven: Text Questions
1. What are municipal bonds? Describe two different types of
Municipal bonds are debt securities that are charged by the state or
government to build new roads, schools or airports. D
Unit 6 Lab Questions
1. What problem occurred after Hurricane Katrina that has prevented
The dam broke down causing a huge flood, Only 5 out of 26,000
people houses werent flooded.
2. Why is disclosure important when taking out insu
Unit six discussion questions
What are things you can do to manage the risks in your life to reduce any financial
There are several things you can do to stay out of risk, for instance when you buy
a house see if you can pay for it. Even
If you were in charge of developing a tax system for a country, how would you structure
taxes? For example, who should pay the greater percentage of taxes? What should taxes be
I would develop 2 types of taxes, one will be a percentage of 2.5 %
What are three strategies that you can use to make better financial decisions?
One strategy I can use when I make financial decisions is by studying the products I am going to
invest in, lets say I am buying a new perfume that was recommended,
How has online or web-based banking changed how people choose and use financial
Online banking changed the way people bank, it became really easy for people to make
transaction and transfers that is really secure. It saves a lot of their time fr
Unit One: Text Questions
1. What do we mean by the term global business?
Global business includes all businesses activities needed to ship, and sell
goods or services across the world, it is also known as international business
International business unit 2
1. What are the three main purposes of money?
Money should be medium of exchange, have a store value and measure of value.
2. What three factors influence the value of a countrys currency?