Economics Unit 5

Economics Unit 5

9th - 12th Grade

25 Qs

quiz-placeholder

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Economics Unit 5

Economics Unit 5

Assessment

Quiz

Social Studies, Other

9th - 12th Grade

Medium

Created by

Nate Mullins

Used 6+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

When purchasing a vehicle you should always test drive the vehicle?

True

False

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Leasing a vehicle is really only beneficial to those who drive less than __ miles and live close to the dealership.

5,000

10,000

15,000

20,000

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which type of contract should you get when leasing a vehicle?

Closed end

Open End

Balloon

Revolving

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The cheapest product is always the best one to buy?

True

False

Answer explanation

Price is just one criteria that you should look at when making a purchase.

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A mortgage payment is made up of PITI, what does PITI stand for?

payment, interest, terms, insurance

principal, interest, taxes, insurance

principal, interest, terms, insurance

payment, interest, taxes, insurance

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The purpose of brand advertising is to make you remember a particular brand.

True

False

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Price is the most important criteria to consider when choosing between two similar products.

True

False

Answer explanation

As you learned from the PACED model, price is just one criteria to look at when making a purchase.

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