Economics Capstone: A Feasible Plan with Evidence & Risk — Drills · Grade 12 Social Studies
Chapter: Global Connections, Risk & Economic InquiryWhat these drills covers
By the end of Economics Capstone: A Feasible Plan with Evidence & Risk you should be able to:
- I can define a decision and calculate consistent amounts.
- I can explain a civic or economic mechanism using evidence, assumptions, and a qualified conclusion.
4 questions, written answer, each with a worked explanation.
Vocabulary used: net price, funding gap, repayment schedule, downside scenario, qualified recommendation.
Problem 1
Answer and explanation
Payments may be due before savings accumulate, and income or costs may vary. Annual totals identify a resource gap under assumptions, while timing and certainty require additional records. Label missing terms instead of assuming costless bridging funds.
Problem 2
Answer and explanation
The obligation occurs over its own dates and conditions. Income, spending, and education timing may differ then. A plan’s prior annual saving margin does not prove each later installment can be met.
Problem 3
Answer and explanation
Under the specified twelve-month assumptions, modeled saving falls from $1,800 to $600 and both gaps increase by $1,200. It exposes vulnerability in the plan; it does not prove the shock will occur or identify a universally best response.
Problem 4
Answer and explanation
It states accurate calculations, goals, assumptions, a serious alternative, timing constraints, risk, and the evidence that could change the judgment. It can reach a decision while acknowledging limits, rather than promising a certain outcome or refusing to compare options.