What is the recommended strategy for managing credit card debt?
Economics Final Exam Practice 12R

Quiz
•
Social Studies
•
12th Grade
•
Medium
Mr Snyder
Used 6+ times
FREE Resource
40 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Paying only the minimum payment each month
Ignoring the debt until it goes away
Paying off the balance in full each month
Transferring the debt to another credit card
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Scarcity exists because human beings have
limited resources with which to satisfy unlimited needs and wants
a long tradition of competing for natural resources
imperfect methods of refining raw materials and creating capital
always consumed all natural resources faster than they could replenish them
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Food, shelter, and clothing constitutes people's
capital
resources
needs
services
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The "Father of Capitalism" is
Thomas Jefferson
Karl Marx
Adam Levine
Adam Smith
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economy where decisions of what to buy are based solely on an individuals choice is known as
Command
Traditional
Market
Mixed
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following are economic goals of the United States EXCEPT
Economic Freedom
Economic Equity
Economic Growth
Economic Stagnation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An installment debt is when
consumers pay back the debt all at once
consumers receive the borrowed money in equal monthly in
consumers pay back the loan in quarterly payments
consumers pay back the loan over an extended period of time with equal payments every month
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