1. Economic factors are mutually exclusive, having little overlap and interrelationships.

True or False

2. GDP is the value of all goods and services produced in the country.

True or False

3. Consumer protection laws are passed only at the federal level.

True or False

4. If an individual has a checking and savings account as well as an individual CD at the same bank, she will receive separate FDIC insurance coverage for each account.

True or False

5. Empathy is the identification with and understanding of another's circumstances, feelings, and motives.

True or False