Font size
WorksheetsForm 2: S2P1 Quiz
Total questions: 19
Worksheet time: 14mins
Supply is when consumer desire certain goods and services and demand is the amount of goods and services available
True
False
Different factors influence consumer decision. Mention one of these factors.
(a)
Conspicuous consumption is (a)
How does "savings" influence a consumer's decision?
Which letter is the closest to the equilibrium price
A
B
C
D
When the supply is greater than the demand we're talking about a shortage
True
False
What are goals of advertisements?
Persuading consumers to buy the goods and services
Give information on how to get rid of the goods and services
Give information about goods and services
Give information on how to obtain the goods and services
How does the goal of "giving information" influence the consumer?
(a)
Advertisement is a form of communication. How does it communicate?
(a)
What is being advertised?
(a)
What does it mean to receive credit from a creditor?
Receiving a credit card from a bank
Making a purchase without having to pay at the same time
Both answers are incorrect
Both answers are correct
What are two ways to pay off the credit received?
(a)
Payment price between cash and credit payment vary
True
False
What is a disadvantage of credit?
(a)
Disposable income is income available to spend .....
After you have put some into your savings account
After taxes have been deducted
Before taxes have been deducted
After you have paid all your debts
What is true about credit and disposable income?
Credit as part of disposable income can have an effect on demand
Credit as part of disposable income does not have an effect on demand
What are two types of consumer transaction?
(a)
Mention one way transactions can be made using modern technology
(a)
Using modern technology to make transactions do not have negative consequences.
True
False
