Spending, Saving, and Investing.

Front

Why is consumer spending important to the economy?

Back

It helps determine spending habits and lets us know who is making economic decisions.

Front

In the example where Bill bought his dad a tie from Macy's, who is the consumer?

Back

Bill

Front

Which of the items that bob used is a good? Options: Education, the bus ride, his cell phone call, ice cream

Back

ice cream

Front

In some ways, all consumers are alike. This is because all consumers...

Back

buy to satisfy their needs

Front

which of the following is likely to DECREASE when consumer spending increases? prices, business activity, unemployment, production

Back

unemployment

Front

which of the following is the most important factor in determining how much a consumer will spend? Options: age, size of income, religion, marital status

Back

size of income

Front

buying which of the following is an example of conspicuous consumption? school supplies, lunch, tickets to a dance, expensive clothes or car

Back

expensive clothes or car

Front

under which circumstances would you be most likely to buy an item that you want now, rather than wait for a later time? You expect that soon...

Back

prices will fall

Front

what is most likely to happen to the pattern of consumer spending as a family income increases?

Back

the proportion of family income spend on necessities increases

Front

which of the following purchases most of the nations output of goods and services? business firms, consumers, state and local governments, the federal government

Back

consumers