Understanding Consumerism and Socioeconomic Concepts

What is consumerism primarily about?

• Avoiding all purchases

• Buying only essential items

• Acquiring goods beyond basic needs

• Donating excess money

How does consumerism impact the economy?

• It slows economic growth

• It drives economic growth through increased spending

• It has no effect on the economy

• It only benefits small businesses

What defines absolute poverty?

• Earning less than others in society

• Inability to afford basic survival needs

• Owning fewer luxuries than neighbors

• Temporary financial hardship

Relative poverty is best described as:

• Lacking access to clean water

• Being significantly poorer than the societal average

• A global measure of starvation

• A fixed income threshold worldwide

What is the primary purpose of aid?

• To increase military power

• To provide assistance to struggling communities

• To fund space exploration

• To promote consumerism

Which is NOT a focus of development?

• Economic growth

• Environmental destruction

• Healthcare access

• Education improvement

What does HDI measure?

• Military strength

• Health, education, and income

• Cultural diversity

• Technological innovation

A country with a high HDI likely has:

• Short life expectancies

• Widespread illiteracy

• Strong healthcare and education systems

• No government

Which is an example of a "need"?

• A designer handbag

• Clean drinking water

• A vacation abroad

• A luxury car

Wants are influenced by:

• Survival instincts

• Cultural trends and personal desires

• Government mandates

• Only environmental factors