Question

How does a compound interest rate differ from a simple interest rate?

(1 point)
Responses

Compound interest rates pay more interest over time.
Compound interest rates pay more interest over time.

Compound interest rates are calculated only once a year.
Compound interest rates are calculated only once a year.

Compound interest rates are usually lower than simple interest rates.
Compound interest rates are usually lower than simple interest rates.

Compound interest rates apply to home mortgages only.
Compound interest rates apply to home mortgages only.
Remaining Attempts : 3

Answer 1

[AI-generated answer — Bot GPT 3.5]

Compound interest rates pay more interest over time.

Answer 2

Why do interest rates on home mortgages increase when demand for housing increases?

(1 point)
Responses

Banks look for ways to decrease incentives to buyers as much as possible when demand is high.
Banks look for ways to decrease incentives to buyers as much as possible when demand is high.

When the demand for mortgages increases, lenders can increase the cost of borrowing money.
When the demand for mortgages increases, lenders can increase the cost of borrowing money.

Interest rates on home mortgages do not move in response to consumers’ actions.
Interest rates on home mortgages do not move in response to consumers’ actions.

When demand is high, interest rates decrease on most goods and services, including houses.

Answer 3

[AI-generated answer — Bot GPT 3.5]

When the demand for mortgages increases, lenders can increase the cost of borrowing money.

Answer 4

Which job is likely to have the highest income?

(1 point)
Responses

a job that many people are willing to do
a job that many people are willing to do

a job that requires low productivity
a job that requires low productivity

a job that calls for highly specialized skills
a job that calls for highly specialized skills

a job that most people would be able to do

Answer 5

[AI-generated answer — Bot GPT 3.5]

a job that calls for highly specialized skills

Answer 6

Jill is interested in starting a new business, but she wonders if she would be good at it. She takes a personality test to try to understand her strengths and weaknesses as an entrepreneur. One of the questions asks whether she is able to identify goals and work toward them or if she waits for someone else to tell her what to do.

Question
Use the passage to answer the question.

Which characteristic of entrepreneurs is the question testing?

(1 point)
Responses

self-correction
self-correction

endurance
endurance

patience
patience

self-motivation

Answer 7

[AI-generated answer — Bot GPT 3.5]

self-motivation

Answer 8

Training employees in new software is an example of what method of improving productivity?

(1 point)
Responses

growing human capital
growing human capital

growing physical capital
growing physical capital

growing service capital
growing service capital

growing domestic capital

Answer 9

[AI-generated answer — Bot GPT 3.5]

growing human capital

Answer 10

A circular flow diagram is shown.A center box is labeled A, with arrows pointing to and from the center box and the top and bottom boxes. The top box is labeled D, and the bottom box is labeled B. A box on the left is labeled C, and a box on the right is labeled Households. The outer boxes B, C, D, and Households are connected by curved lines in a circular shape.

Question
Use the image to answer the question.
Which label shows where business fits on a circular flow diagram?

(1 point)
Responses

label A
label A

label B
label B

label C
label C

label D

Answer 11

[AI-generated answer — Bot GPT 3.5]

label A