Moral Education 12

Question or Hint Answer or Word

What are two characteristics of smart consumers? being price aware, sensible research, ad awareness,comparisons, reads labels
A payment made as an amount per hour or other time period? Wage
The lowest price might not always be the_? smartest price
A plan of future income and expenditure is? budget
A person who is made aware of information so they can make an informed decision is? smart consumer
What are three essential things which contribute to sound financial management? managing spending, budgeting, managing income and expenditure (basic finances)
The expenses in time, money and effort incurred in making a purchase? Transaction cost
What re the two simple solutions to the problem of deficit? increase income, reduce expenditure