Your parents could purchase stock certificates, bonds, certificates of deposit, or other investments in Eric's name with your parents as custodians. The first $ of any income is not subject to tax, as Eric is allowed a $ standard deduction. The next $1,100 of any income is subject to Eric's marginal tax rate (likely 10%) . Income above $2,200 is taxed. This option provides flexibility while removing the income from your parents' high marginal tax bracket.

answer; i believe that the correct answer is (personal information and career information; second answer; (b) flexibility,independence and salary potential

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; signaling;