Chapter 1 "Consumers: the engine that runs economy."
Authored by Chance Gower
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23 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
YOUR LIFESPAN LASTS FROM THE TIME YOU ARE BORN UNTIL THE TIME YOU RETIRE?
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
THE LAW OF DEMAND SAYS THAT CONSUMERS WILL DEMAND MORE OF A LOWER PRICE THAN AT A HIGHER PRICE?
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
IN A MARKET ECONOMY, CUSTOMERS AND BUSINESS OPERATE WITHOUT MUCH GOVERNMENT INTERFERENCE?
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
TO PAY THE COST OF ADVERTISING, BUSINESS HAVE TO DECREASE THE PRICE OF THE PRODUCTS THEY ARE ADVERTISING?
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
PUFFERY, INNOCENT EXAGGERATION, IS ILLEGAL?
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
THE DECISION-MAKING PROCESS HELPS YOU APPROACH BUYING DECISIONS IN AN ORGANIZED, LOGICAL MANNER?
True
False
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