Author: Anonymous

Sally Heath has the option of obtaining life insurance through her place of employment.  She will not need to take a physical exam.  This type of policy would be a/an ________ policy.

A ________ provides a directive to a physician that allows you to state your wishes regarding medical treatment in the event of a terminal illness or injury that renders you unable to make decisions regarding life support or other medical treatments.

You are participating in a pension plan where the company’s contributions vary from year to year, depending on the firm’s performance. This is an example of a(n) ________.

The amount of current income that you earn today isn’t relevant to setting your long term goals for the future.

Suppose we have a market for white t-shirts in Figure 1, depicting a supply and demand diagram for this market. How many t-shirts will be sold (in equilibrium)?  

 Probably the most important determinant of your future earnings will be

If a small country produced 200 hats priced at $4 apiece, and 250 bracelets priced at $5 apiece, what would its nominal GDP be? 

A one-time investment of $200 at a 10% Annual Rate of Return yields $242 in two years. The $242 is known as the

9.  What does “relief wax” actually do?

The unemployment rate in the United States is generally around 9% when the economy is healthy.