Consumption and the Responsible Consumer

Word Cloud

How does consumption affect the economy of a country?

Multiple Choice

What makes consumption important to producers?

• It helps lower prices of raw materials

• It reduces the cost of advertising

• It determines what and how much to produce

• It shows how much taxes should be paid

Multiple Choice

Which of the following is NOT considered a consumer product?

• Food

• Clothing

• Machinery for factory production

• Shelter

Multiple Choice

Which of the following encourages people to spend more?

• High interest rates

• Lack of income

• Low interest rates

• Economic recession

Multiple Choice

What happens to marginal utility as consumption increases?

• It increases

• It remains the same

• It decreases

• It disappears instantly

Multiple Choice

Which type of consumption gives immediate satisfaction?

• Direct

• Productive

• Wasteful

• Regional

Multiple Choice

Which of the following is a negative effect of advertising?

• It helps compare product prices

• It may lead people to buy unnecessary goods

• It saves consumers’ time

• It provides accurate product info

Check Your Understanding!

Multiple Choice

Which of the following actions shows intelligent consumption?

• Following online trends to feel included

• Buying the most expensive product because it looks luxurious

• Comparing product labels before purchasing

• Buying more items to maximize credit card use

Multiple Choice

What might be a warning sign of being an irresponsible consumer?

• Impulsive buying without checking necessity or budget

• Asking for product reviews

• Keeping receipts for future use

• Making a grocery list

Multiple Choice

Which of the following best promotes a sustainable consumption habit?

• Reusing and recycling household items

• Purchasing extra food to avoid running out

• Avoiding local products to try international brands

• Buying single-use plastics in bulk

Multiple Choice

In which situation is a consumer applying critical thinking in decision-making?

• Choosing the item with the loudest advertisement

• Buying from the first store visited

• Checking several sources and reviews before buying a laptop

• Choosing a product based on the color of its packaging

Multiple Choice

A person continues to buy clothes weekly despite not wearing most of them. What behavior is this?

• Excessive and wasteful consumption

• Responsible budgeting

• Delayed gratification

• Smart buying

Multiple Choice

What strategy can help young consumers avoid being misled by ads?

• Avoiding all advertisements completely

• Researching before purchasing advertised products

• Trusting popular influencers automatically

• Buying what’s always trending

Multiple Choice

How can a consumer contribute to national economic growth through daily actions?

• Only buying imported goods

• Supporting local businesses and practicing mindful consumption

• Avoiding tax-paying establishments

• Limiting all spending