1. Why should someone study economics? Explain how the knowledge of economics benefits an earner, a consumer and a citizen.
2. A wealthy relative has given you a surprise graduation gift, 1,000. Choose from among the various investment options below and explain why you picked that one in order to provide you with both safety and a decent rate of return for a long- term investment.
a) Savings Account
b) Checking Account
c) Certificate of Deposit
d) Corporate Stocks
e) Mutual Funds
f) Bonds