BUSINESS HIGH SCHOOL

1. Liabilities are amounts you_____.A. owe
B. consider assets
C. avoid
D. add to your assets

2. Which of the following is one way to potentially increase your savings?
A. increase discretionary spending
B. reduce your income
C. reduce discretionary spending
D. increase your expenses

Answers

Answer 1
Answer:

1.A. owe

2.C. reduce discretionary spending

Liabilities

According to the Liabilities are the obligations (amount owed) of an individual or an entity as a result of a past event that future economic resources like cash will emanate from the person or entity. Also, Debt could be an example of liabilities.

The Options may be a, B, and also D will reduce savings as savings may be a function of the income available, and also income could be a function of the income so expense.

Thus, the correct option is C. reduce discretionary spending.

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Answer 2
Answer:

Answer:

1. A. owe

2.C. reduce discretionary spending

Explanation:

1. Liabilities are the obligations (amount owed) of a person or an entity as a result of a past event for which future economic resources such as cash will flow out of the person or entity. Debts is a good example of liabilities.

2. Options A, B and D will reduce savings as savings is a function of the disposal income available and the disposal income is a function of the income and expense.

Therefore, the right option is C. reduce discretionary spending.

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Answer:

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Explanation:

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Answers

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Answer:

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Answers

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Answers

The statement that describes a pure capitalist economy is that A) the government takes no part in the economy. 

Final answer:

A pure capitalist economy is one where the government takes no part in the economy, and all economic decisions are made by the market forces of supply and demand.

Explanation:

The statement that best describes a pure capitalist economy is: 'The government takes no part in the economy'. This is because in a pure capitalist system, also known as a free-market system, economic decisions about what to produce, how to produce, and for whom to produce are made solely by the market, which consists of buyers and sellers. In other words, the forces of supply and demand direct the production and distribution of goods and services, without government intervention.

Learn more about pure capitalist economy here:

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Answers

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