Reference no: EM131359030
Please read each discription carefully and type the letter of the description next to the correect term. These are not complete definitions, but there is only one possible answer:
(Standard of Living) A. The Value of the next best alternative given up in a trade-off
(Business Cycle) B. The giving up of one thing for another after evaluatying each and selecting between them.
(Interest) C.The term used to describe the tax rate applied to the last dollar of income earned
(Inflation) D. The concept maintaining that a dolar in your pocket today is worth more than a dollar that won't be placed in your pocket until some time in the future.
(Marginal Tax Rate) E. An investment professional who evaluates the personal finance of an individual or a familiy and recommends strategies to set and achieve their long-term financial goals.
(Time Value of Money) F. Employment compensation received in a form other than wages, salary, commissions, or other cash payments.
(Opprtunity Cost) G. The additional money paid to the lender as a compensation for its temporary use.
(Trade-off) H. One facet of an individual's quality of life that refers to his or her level of wealth, physical and psychological comfort, material goods, and necessities.
(Financial Planner) I. A steady and sustained increase in general price level across economic sectors.
(Employee Benefit) J. The irrequlary occuring pattern of economic activity generally depicated as an undulating wave of expansions and contractions.
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