1. Explain the purpose of insurance. If a mother purchases health insurance for her and her four children, who is the policyholder, and who are the beneficiaries?
2. State at least one advantage and one disadvantage of corporate ownership.
3. Explain the differences between stocks, bonds, and mutual funds.
4. What's the difference between progressive and proportional taxes?
5. How does specialization lead to economic growth regarding international trade?
6. Define a developing nation and why there are so many in the world.
7. While farming has grown in productivity, farmers are still encountering many hardships and are struggling. List two ways that the federal government aids farmers in the United States.
8. There are numerous causes of unemployment among the poor such as the disappearance of low-skill jobs, discrimination, and the economy itself. List three ways that the state and federal government(s) help reduce poverty and unemployment.