Tammy and Richard Have $100 a Month Automatically Transferred from Their

question 89

Multiple Choice

Tammy and Richard have $100 a month automatically transferred from their checking account to their mutual fund account.This is an example of

• A)dollar-cost averaging.
• B)making installment payments.
• C)scrimping each month.
• D)saving windfalls.

---

Definitions:

Comparative Advantage

A situation where a country, individual, or company can produce a good or service at a lower opportunity cost than others.

Specialization

The process by which individuals, businesses, or countries focus on producing a limited range of goods or services to gain greater degrees of productive efficiency within an overall system.

Austria

A landlocked country in Central Europe, known for its mountainous terrain, historic cities, and rich cultural heritage.

Italy

A country located in southern Europe, known for its rich history, art, architecture, fashion, and cuisine, forming a boot-shaped peninsula into the Mediterranean Sea.