Which statement most accurately describes the trends shown on this graph when GDP falls?
This graph shows changes in GDP and the unemployment rate in the United States in recent years. Which statement most accurately describes the trends shown on this graph? When GDP falls, unemployment rises. producers need more money to make and distribute goods.
What circumstances during the early days of industrialization lead to the need for reform?
There were too few capable workers to fill positions. There was little government regulation of workplaces. A typical work shift might be twelve to sixteen hours long. It was very expensive to keep factories running.
Which federal regulatory agency would most likely bring a civil suit against a business?
SEC
What is the name of the period when an economy begins to shrink?
recession
Which best explains why a sole proprietor would want?
Which best explains why a sole proprietor would want a partner? to move into a more favorable tax bracket. to take advantage of little government oversight. cooperatives give majority owners the most control, while franchises make decisions with a parent company.
Why sole proprietorship is the most popular?
The sole proprietorship is a popular business form due to its simplicity, ease of setup, and nominal cost. A sole proprietor need only register his or her name and secure local licenses, and the sole proprietor is ready for business.
Which two factors have the greatest influence on risk for an investment?
Which two factors have the greatest influence on risk for an investment? The duration of the investment.
What is one cost of avoiding insurance?
falling into debt if faced with a serious problem not benefitting from insurance deductibles not being able to purchase a car or home facing increased probability of accidents.
Which is the best question for Joe to ask himself when deciding whether?
The best question for Joe to ask himself when he’s deciding on opening either a checking or a savings account is if he’s going to make enough money for a checking account and if he’s going to need his money from his account all the time.
When prices drop below the point where supply and demand meet results in?
When prices drop below the point where supply and demand meet, it results in coordination. disequilibrium.
Is some cases it is safe to avoid insurance because?
In some cases, it is safe to avoid insurance because: it is too expensive. it may not be needed. It shows that the owner acknowledges the financial risks and is willing to pay every month to transfer the risk to an insurance company.
Which is considered a good credit practice?
Which is considered a good credit practice? Pay more than the minimum amount that is due. This table can be used to organize Gigi’s credit card balances and payments over 6 months. The annual percentage rate on the credit card is 14%.
Do I want my loan protected?
You likely should say no to loan protection insurance The only time it might make sense is if you can’t qualify for a disability or term life policy and you need to make sure a debt — such as a mortgage on a family home — is repaid after you pass.
Do I need insurance for a loan?
In fact, some lenders require borrowers to obtain insurance that covers the full loan amount, protecting you, the borrower and the lender from financial loss in the event of a claim.
How much is insurance on a loan?
How much is mortgage insurance? Mortgage insurance costs vary by loan program (see the table below). But in general, mortgage insurance is about 0.5-1.5% of the loan amount per year.
What happens if you don’t get full coverage on a financed car?
If you don’t keep full coverage on a financed car, you could be held responsible for paying for the vehicle in its entirety in the event of theft or an auto accident. You could also lose the car to the lender you signed a contract with if you don’t keep full coverage on your financed car.
What kind of insurance do I need for a financed car?
To drive legally, you have to have your state’s required minimum liability insurance coverage. But if you drive a financed car, your lender will require you to carry liability insurance, collision insurance, and comprehensive insurance, often called “full coverage.”
Do I have to keep full coverage on a financed car?
Yes, everyone who finances a vehicle must maintain full coverage auto insurance for the life of their loan. The lender still, technically, owns any vehicle that still has a balance left on the loan. Lenders require clients to maintain full coverage auto insurance to protect their investment.
Are financed cars more expensive to insure?
Financing your car means a higher insurance premium. When financing a car, your lender will require collision and comprehensive coverage — also called full coverage. Collision and comprehensive repair your car in the event of an accident or mishap. Full coverage will increase your premium costs.
Does it cost more to insure a financed car?
Strictly speaking, there is no additional cost for auto insurance if you have a loan on a car—as long as the coverage is the same in both cases. And that can cause your auto insurance premiums to be considerably higher.
Does insurance go down if you own your car?
Owning your car, fully, does not guarantee a reduction in the insurance premium rate. However, it will allow you to control your coverage options. After you pay off your car, you’ll likely see a drop on your car insurance premiums, sometimes dramatically.
What is full coverage on a financed car?
What Is Full Coverage? Common Definitions: A policy that includes liability, collision and comprehensive. A policy that includes the state minimum coverage, plus any additional insurance required by the lender that financed your car.
Can you drop full coverage on a financed car?
Removing full coverage insurance from your vehicle during an auto loan is a violation of your loan contract. Policies added by lenders are normally more expensive than regular full coverage insurance, and it may not cover personal items or owner liability in the case of an accident or theft.
How much coverage do I need for a financed car?
$100,000 in bodily injury coverage per person for at-fault liability. $300,000 in bodily injury coverage per accident for at-fault liability. $100,000 in property damage coverage for at-fault liability.
When should you drop full coverage on your car?
A good rule of thumb is that when your annual full-coverage payment equals 10% of your car’s value, it’s time to drop the coverage. You have a big emergency fund. If you don’t have any savings, car damage might leave you in a severe bind.