semester test

What is a consumer in an economic context?

• a) An individual who sells goods and services
• b) An individual who purchases goods and services for personal use or consumption
• c) A business that provides goods and services to other businesses
• d) A government entity that regulates economic activity

What is the main benefit of resisting impulse purchases?

• a) Keeping up with the latest trends
• b) Making more rational choices
• c) Impressing others with material possessions
• d) Increasing social status

What is an essential step in making informed consumer decisions?

• a) Following popular trends
• b) Making purchases based on emotions
• c) Conducting research and comparing options
• d) Buying the most expensive products

Celebrating progress and accomplishments along the way helps to:

• a) Maintain motivation
• b) Reinforce the value of efforts
• c) Foster a sense of fulfillment
• d) All of the above

Setting priorities and achieving goals is a skill that can be:

• a) Inherited at birth
• b) Cultivated and refined over time
• c) Acquired instantly
• d) Developed through isolation

What should you do if an opportunity seems too good to be true?

• a) Invest in it immediately before the opportunity disappears.
• b) Share it with friends and family so they can benefit too.
• c) Research the opportunity thoroughly and be cautious before making a decision.
• d) Keep the opportunity a secret so that others don't take advantage of it before you do.

What is the purpose of online profiling?

• a) To create detailed profiles of users' interests and behaviors for targeted advertising
• b) To protect users' personal information from hackers
• c) To help users remember their login information
• d) To make websites load faster

What is two-factor authentication?

• a) A process that requires two forms of identification to access an account
• b) A method used by hackers to steal personal information
• c) A type of cookie used to track online activities
• d) A tool that generates complex passwords

What is one way to reduce the amount of personal data collected by websites?

• a) Regularly clearing your browser cookies and history
• b) Sharing more personal information on social media
• c) Using the same password for all your online accounts
• d) Clicking on pop-up advertisements

What is essential for businesses, policymakers, and society to understand and leverage?

• a) The power of advertising in manipulating consumer behavior
• b) The role of government in controlling consumer choices
• c) The power of consumers in shaping the economic landscape
• d) The importance of maximizing short-term profits over long-term sustainability