HW –
Read Exploring Economics Unit 13
Read Whatever Happened to Penny Candy Chapter 13
Complete Questions below
December Budget
Surprise Card
New Health regulations are passed by Congress, reduces your health insurance coverage. Your child becomes ill and insurance refuses to pay for all of the charges for treatment - you must pay 2,000 before the hospital will treat your child. Do you have that money? Subtract the payment from your bank account whether you have the money or not. If you end with a negative balance that indicates that your family has ended the year in debt
Week 13 - Exploring Economics
Unit 13 and Penny Candy Chapter 13
From
Penny Candy:
1. True or
False: Inflation is an increase in the amount of money.
2. When
the amount of money goes up, the value of the money goes ___________.
3. True or
False: Inflation is rising prices.
4. Name
one reason the dark ages lasted so long.
From
Exploring Economics
5. What
fraction of the U.S. gross domestic product is devoted to health care?
6. What
fraction of the Federal budget goes to health care?
7. What
percentage of the population is covered by employer based health insurance?
8. What
was the original intention of Social Security?
9. How are
Social Security retirement benefits calculated?
10. What
are three reasons why Social Security is facing disaster?
11. What
are the three elements of the Medicare program?
12. What
was the estimated cost for Medicare in 2009?
13. What is
OPEC?
14. Petroleum
use is what percentage of total U.S. energy consumption?
15. What is
the main use of coal in the United States?
16. How
much of the new car market did General Motors control in the 1950’s?
17. What
reduced the popularity of gas-guzzling cars in the 1970’s?
18. Cars
from what country challenged the predominance of American companies in the
1970’s and 1980’s?
19. How
does a fixed rate mortgage work?
20. What is
PMI?
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