4th quarter final exam

Name ___________________________

Personal finance

1) Describe the difference between variable and constant income.

2) Describe the difference between variable and constant expenses.

3) What are 5 different categories of expenses you will need to track in your future personal budgets?

4) What is one advantage of a Certificate of Deposit (CD) over a savings account?

5) What is one advantage of a savings account over a Certificate of Deposit (CD)?

6) Write me a check.  Fill out all 6 fields on the image below:

7) What will happen if you write a check for more money than you have in your checking account?  What is the penalty called?

8) Describe 3 reasons why people fall into credit card debt.

9) What are two things that can happen if you miss a credit card payment?

10) What’s the best way to use a credit card responsibly that will not cause you to fall into debt?

11) What are some of the most important things to include on a professional resume?

Gay rights

12) Explain some of the hazards that homosexuals face in America in the 1950s and 1960s.

13) Describe the Stonewall Riots.  What happened?  What did it spark?

14) Describe some of the advances that have been made in gay rights since Stonewall.

15) What is a constitutional argument in favor of gay marriage?

16) What is a constitutional argument against gay marriage?

Climate change

17) What percentage of scientists agree that climate change is, in fact, real?

18) What atmospheric number regarding carbon dioxide did we just pass for the first time in human history?

19) What effect does carbon dioxide have on the world’s oceans?

20) Going forward, what are some possible answers to prevent climate change from getting worse?

Syria

21) How many people have died in the conflict in Syria since March 2011?

22) What is President Obama’s stated red line for US intervention in Syria?

23) Why did Israel recently conduct airstrikes on Syrian military installations?

24) Why did the United States support those Israeli airstrikes?

War on Drugs

25) What was the original economic motivation for criminalizing drugs like opium, cocaine, and marijuana in the United States?

26) Which US president is credited with starting the War on Drugs?

27) How much money has been spent on the War on Drugs in the United States since its start in 1971?

28) How many people in the United States are arrested each year on drug charges?

29) How many people in the United States are arrested each year for marijuana possession?

30) The United States has 5% of the world’s population, but _____% of the world’s prisoners.

31) What are 3 of the modern economic motivations for keeping drugs like marijuana, cocaine, and heroin illegal (and criminalized rather than treated as a medical issue) in the United States?