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Spending, Saving, and Investing.

Authored by Thomas Locmajian

Social Studies

11th - 12th Grade

Used 26+ times

Spending, Saving, and Investing.
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is consumer spending important to the economy?

It helps determine spending habits

It lets us know who is making economic decisions

both A and C

None of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

the clerk

Bill's dad

Bill

the owner of the store

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

at the end of the school day, mike went to the store and bought some ice cream, took the bus home, and called his girlfriend michelle. Which of the items that bob used is a good?

Education

the bus ride

his cell phone call

ice cream

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

have similar tastes and wants

share the same religious views

are of the same age

buy to satisfy their needs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of the following is likely to DECREASE when consumer spending increases?

prices

business activity

unemployment

production

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of the following is the most important factor in determining how much a consumer will spend?

age

size of income

religion

marital status

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

buying which of the following is an example of conspicuous consumption?

school supplies

lunch

tickets to a dance

expensive clothes or car

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