Your Money or Your Life Quiz | Eight Week Quiz A

Joe Dominguez
This set of Lesson Plans consists of approximately 131 pages of tests, essay questions, lessons, and other teaching materials.

Your Money or Your Life Quiz | Eight Week Quiz A

Joe Dominguez
This set of Lesson Plans consists of approximately 131 pages of tests, essay questions, lessons, and other teaching materials.
Buy the Your Money or Your Life Lesson Plans
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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 2.

Multiple Choice Questions

1. According to many Americans, what is considered a sin?
(a) Working too much.
(b) Just sitting around and enjoying life.
(c) Buying low, selling high.
(d) Spending too much.

2. People strive to buy and earn more than they need to live at the peak of their fulfillment curve due to which perspective of money?
(a) Cultural.
(b) Intrinsic value.
(c) Greed.
(d) Emotional and psychological.

3. What is the first half of Step 2?
(a) Determine net worth.
(b) Determine real hourly wage.
(c) Not feeling shame or blame.
(d) Determine real hours worked.

4. What are bare necessities, as defined in Chapter 1?
(a) Everything owned by an individual.
(b) Food and water.
(c) All items needed to meet basic physical needs.
(d) A house and car.

5. What do people earn money by trading?
(a) Stocks and bonds.
(b) Life energy.
(c) Excess possessions.
(d) Job skills.

Short Answer Questions

1. What is one of the main economic principles most businesses follow?

2. Which of the following does the cultural perspective of money include?

3. Why do people buy more than they need?

4. What is the second half of Step 2?

5. Which perspective of money should readers embrace?

(see the answer key)

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