
Economics Unit 5
Authored by Nate Mullins
Social Studies, Other
9th - 12th Grade
Used 6+ times

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25 questions
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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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