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WorksheetsSpending, Saving, and Investing.
Total questions: 10
Worksheet time: 5mins
Why is consumer spending important to the economy?
It helps determine spending habits
It lets us know who is making economic decisions
both A and C
None of the above
Bill bought his dad a tie from Macy's. In this example, who is the consumer?
the clerk
Bill's dad
Bill
the owner of the store
at the end of the school day, mike went to the store and bought some ice cream, took the bus home, and called his girlfriend michelle. Which of the items that bob used is a good?
Education
the bus ride
his cell phone call
ice cream
in some ways, all consumers are alike. This is because all consumers...
have similar tastes and wants
share the same religious views
are of the same age
buy to satisfy their needs
which of the following is likely to DECREASE when consumer spending increases?
prices
business activity
unemployment
production
which of the following is the most important factor in determining how much a consumer will spend?
age
size of income
religion
marital status
buying which of the following is an example of conspicuous consumption?
school supplies
lunch
tickets to a dance
expensive clothes or car
under which circumstances would you be most likely to buy an item that you want now, rather than wait for a later time? You expect that soon...
prices will rise
prices will fall
you will lose your job
a better product will be coming on the market
what is most likely to happen to the pattern of consumer spending as a family income increases?
spending on necessities decreases
the proportion of family income spend on necessities increases
the proportion of the family income spent on luxuries increases
spending for luxuries decreases
which of the following purchases most of the nations output of goods and services?
business firms
consumers
state and local governments
the federal government
