(04.03 LC) Which best describes the function of the Federal Reserve System? (4 points)

(04.02 MC) How are start-up costs related to natural monopolies? (4 points)

(02.04 MC) Principal Interest Year 1 Interest Year 10 Interest Year 20 Total Savings After 20 Years $12,000 in Simple Interest Account $12,000 x 5%= $600= $12,600 $12,000 x 5%= $6000= $18,000 $12,000 x 5%= $12000= $24,000 $12,000 + 20 years of simple interest= $24,000 $12,000 in Compound Interest Account $12,000 x 5%= $600= $12,600 ($12,000 + $6,615.94)$18,615.94 x 5%= $19546.74 ($12,000 + $18,323.40)$30,323.40 x 5%= $31,839.57 $12,000 + $20 years of compound interest$31,839.57 Abbie is in high school and saves money from her afterschool job to buy a car after she graduates from college. She wants a new car but knows it will cost more than $20,000. By her freshman year, she has saved $12,000. Which of the following would most help her have the most money by graduation? (4 points)

A dressing covers an open wound, but it doesn’t touch the wound.

Parents who use drugs are more likely to have children who use drugs.

The most common drug for which people aged 50 and older receive treatment is alcohol.

(05.01 MC) Adam Smith’s quotation would most likely be used to defend which of the following policies? (4 points)

A bandage should be clean and sterile.

Cuts from an animal or human bite do not require medical care.

(05.01 MC) Which of the following entities would most likely agree with Adam Smith’s statement? (4 points)