Consumer spending and saving

Consumer spending and saving

9th Grade

16 Qs

quiz-placeholder

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Consumer spending and saving

Consumer spending and saving

Assessment

Quiz

Social Studies

9th Grade

Practice Problem

Medium

CCSS
6.EE.A.2C

Standards-aligned

Created by

Meeranath Premjith

Used 16+ times

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16 questions

Show all answers

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

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...

prices will rise

prices will fall

you will lose your job

a better product will be coming on the market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

spending on necessities decreases

the proportion of family income spend on necessities increases

the proportion of the family income spent on luxuries increases

spending for luxuries decreases

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of the following purchases most of the nations output of goods and services?

business firms

consumers

state and local governments

the federal government

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A spending plan is also known as a?

Tax form

Paper trail

Well-being domain

Budget

6.

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

7.

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

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