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Self Test A on Knowledge Associated With Choice #48

Respond to each of the 10 multiple choice questions below by typing the number 1 to 5 of the answer you wish to select in the response box. When finished, click "process your responses".

1. Which of the following associations is inappropriate?

1) credit score / gauges risk to lenders       2) deduction of interest / USA tax break   

3) compound interest / fixed principal         4) microcredit / popular in developing countries

5) permissiveness / bad behavior viewed leniently

2.  All of the following are based on moderation and frugality except which? 

1) Confucianism        2) Protestant work ethic        3) thrifty orientation

4) voluntary simplicity        5) all of the above -- there are no exceptions

3. All of the following belong together in a “consequences incurred today will be left to future generations to deal with" sense except which? 

1) adding to national debt             2) incurring ecological debt          3) desire for "free lunch"   

4) using a very limited non-renewable resource             5) active involvement in the gift economy 

4.   From a personal point of view, which of the following behaviors or lifestyles would be linked to the Work, Play, Pay As You Go approach rather than one based on borrowing?

1) obtaining a home mortgage        2) financing purchases with credit cards

3) actively being involved in the barter economy       

4) continually avoiding discipline and letting a child get his or her own way

5)  obtaining a job by lying about one's qualifications 

5. Practically making the Work, Play, Pay As You Go approach work typically requires all of the following except which?

1) having only one credit card          2) doing it yourself   

3) sweat equity            4) making do               5) delaying gratification

6.   All of the following words might be used to describe someone for whom the Borrowing Mentality theme is a key component of their overall worldview except which ? 

1) patient         2) impulsive        3) feels obligated           4) unrestrained        5) indulgent

7.  Which of the following conceivably describes a feeling, ability, or belief that someone embracing the Work Hard, Pay As You Go theme would have, that someone adopting the Borrowing Mentality theme would not have?

1) a sense of financial obligation        2) impatience and less financial restraint

3) to endure current hardship for promise of future benefit           

4) inability to resist temptation, envy     

5) values the present, greatly discounts the future 

8. Someone for whom the Work, Play, Pay As You Go theme is a key component of their overall worldview might conceivably avoid which of the following?

1) bill collectors             2) interest charges              3) credit card related identity theft

4) unhealthy choices today leading to future ill health        5) all of the above

9.  Which of the following associations is inappropriate?

1)  obsession  / beyond willful control        2) usury  / marginal utility

3) incurring ecological debt / disrupting natural cycles

4) guilt  /  self-administered punishment      

5)  discounting the future / disdaining possible high return on investment      

10.  Critics might describe a lifestyle built around which two worldview themes as "continually spending money they don't have, on things that they don’t really need" ? 

1) alternative hedonism and borrowing mentality                2) hedonistic and work, play, pay as you go

3) consumerist and work, play, pay as you go                     4) consumerist and borrowing mentality 

5)  enoughness and alternative hedonism

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       For Choice #48:

       Your Score on the Self Test = correct out of 10 possible

      

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