- A term used to describe someone with little to no credit history Bankruptcy Annual Pe Percentage Rate (APR) Thin File High Rate Method
- Practice Problems: have 20 to spend. You can buy a new video game or go to the movies with friends. What is the opportunity cost of buying the video game? 2. Explain how scarcity influences your daily choices. 3. Identify the factors of production involved in making a pizza.(At least 3 of each) Human Resource- Natural Resource- Capital Resource- 4. What are the potential risks and rewards of being an entrepreneur?
- A certified financial advisor who works for an accredited nonprofit specializing in helping consumers repay debt in a responsible manner Bankruptcy Credit Counselor Credit Utilization Rate Default
- Steps: 1 Select two news headlines, one from each column. You will create one graph to show a change in demand and one graph to show a change in supply. Note: The headlines you chose might reference or imply more than one good or service. However, you will interpret the impact on just one product market. Title each headline. As long as your graphs are reasonable for your chosen headlines, your work should be acceptable. 3. Add the shift in each graph. Draw a new curve on each of your graphs to reflect the shift in either supply or demand Label it D or S1, accordingly. Label the new equiturum price P1 and the new equilibrium quantity Q1. Add arrows to show the direction of the changes in the curve, price, and quantity. 4 Explain the outcomes. In a complete paragraph for each graph, explain how your graph illustrates the news event. Describe what changed and why. Include the one element of either TABLE or ROTTEN that best explains the shit. Describe how this led to the market outcomes for equilibrium price and quantity. You will have two paragraphs, one for each graph. 5 Submit your work. This includes your graph images and two typed paragraph explanations.
- The interest rate a credit card user will be charged on the unpaid portion of their balance Credit Bureau Credit Annual Percentage Rate (APR) High Rate Method
