Which of the following is considered important information a person should take into account when purchasing an expensive durable good?
It is most important to account for factors like warranties and durability when purchasing a durable good.
Why might Alexandria choose to patronize a local movie theater when she could see the same movies for less at a corporate establishment?
Why might Alexandria choose a local movie theater when she could see the same movies for less at a corporate establishment? She prefers to support local business, even at an added cost.
Which of these terms means the level of satisfaction a need or want provides?
Utility is the level of satisfaction a need or want provides.
Which loan terms will result in highest total cost for the loan?
Which loan terms will result in highest total cost for the loan? ARM (Adjustable Rate Mortgage) is the correct answer.
What are the 4 types of goods?
There are four different types of goods in economics, which can be classified based on excludability and rivalrousness: private goods, public goods, common resources, and club goods. Private Goods are products that are excludable and rival. Public goods describe products that are non-excludable and non-rival.
What are the 3 types of goods?
Economists classify goods into three categories, normal goods, inferior goods, and Giffen goods.
Which type of credit is used for utilities?
Service credit is credit extended in the form of services, like utilities. Examples of service credit include heat, electricity, water, phones, and similar services.
When shopping for a saving account you should look for one that offers?
Ideally, choose one offering a higher interest rate than your traditional savings or checking account. Examples include a high-yield savings or money market account.
Which of these investment types is considered moderate?
Which of these investment types is considered moderate? A mutual fund is a moderate investment. IRAs and money market accounts are conservative investments and stocks are aggressive.
What type of tax system does the United States use quizlet?
The United States has a regressive tax system.
What are Loan Terms?
What Are Loan Terms? “Loan terms” refers to the terms and conditions involved when borrowing money. This can include the loan’s repayment period, the interest rate and fees associated with the loan, penalty fees borrowers might be charged, and any other special conditions that may apply.
What are the 3 types of term loan?
There are three main classification found in Term Loans: short-term term loan, intermediate term loan, and long-term term loan.
What is a standard loan?
Get A Free quote. An SBA 7(a) Loan for over $350,000 is called a Standard Loan. These loans are eligible for SBA guarantees of up to 75%. It’s important to remember that while the SBA is backing the loan, traditional lenders such as banks and credit unions will actually loan you the money.
What is the meaning of luxury goods?
In economics, a luxury good (or upmarket good) is a good for which demand increases more than what is proportional as income rises, so that expenditures on the good become a greater proportion of overall spending. Luxury goods is often used synonymously with superior goods.
What are goods in accounting?
Goods. The things which are bought and sold by business are called goods. In accounting, when goods are purchased it is written as purchases. When goods are sold it is written as sales. It is written as a stock if remain unsold at the end of the year.
What are the 5 types of goods?
The prices of goods are largely determined by the supply and demand of an economy. There are four types of goods: private goods, common goods, club goods, and public goods.
Private Goods
fruits.vegetables.cell phones.train tickets.televisions.dinner at a restaurant.coffee from a coffee shop.cars.
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