Chapter 1 "Consumers: the engine that runs economy."

YOUR LIFESPAN LASTS FROM THE TIME YOU ARE BORN UNTIL THE TIME YOU RETIRE?

• True
• False

WANTS ARE THE THINGS YOU CAN'T LIVE WITHOUT, AND NEEDS ARE THE THINGS THAT YOU WOULD LIKE TO HAVE BUT CAN LIVE WITHOUT?

• True
• False

THE LAW OF DEMAND SAYS THAT CONSUMERS WILL DEMAND MORE OF A LOWER PRICE THAN AT A HIGHER PRICE?

• True
• False

IN A MARKET ECONOMY, CUSTOMERS AND BUSINESS OPERATE WITHOUT MUCH GOVERNMENT INTERFERENCE?

• True
• False

TO PAY THE COST OF ADVERTISING, BUSINESS HAVE TO DECREASE THE PRICE OF THE PRODUCTS THEY ARE ADVERTISING?

• True
• False

PUFFERY, INNOCENT EXAGGERATION, IS ILLEGAL?

• True
• False

THE DECISION-MAKING PROCESS HELPS YOU APPROACH BUYING DECISIONS IN AN ORGANIZED, LOGICAL MANNER?

• True
• False

THE ENVIRONMENT IN WHICH YOU LIVE AFFECTS YOUR HEALTH AND QUALITY OF LIFE?

• True
• False

RECYCLING PROGRAMS INCREASE THE AMOUNT OF TRASH DISCARDED INTO THE ENVIRONMENT?

• True
• False

IF AN AD IS DELIBERATELY DESIGNED TO MISLEAD, THE BUSINESS IS GUILTY OF DECEPTIVE ADVERTISING?

• True
• False