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WorksheetsEconomics Consumer Habits
Total questions: 15
Worksheet time: 8mins
The part of the brain that creates an emotional response:
Prefrontal Cortex
The part of the brain that generates rational decisions:
Amygdala
Which is NOT a question the brain is always asking?
Am I safe?
Do I belong?
Does this feel good?
Is this good for me?
How much money does the average American spend on impulse purchases every year?
$2,100
$1,100
$3,100
$5,100
Extended warranties:
Are important and worth the cost.
Are good values on more expensive products
Are expensive and a profit maker for companies
Replace manufacturers' warranties
Before you use your debit card...
Check the card reader for tampering
Only use the tap function instead of inserting
Don't use debit cards...use cash always
Check your phone for bank alerts.
When you get an e-mail from your bank saying your account has been compromised:
Immediately click the link and fix it.
Call your bank and cancel your debit card.
Check the sender's e-mail address or directly log in.
Ignore it and trust that they'll call you.
When dining out...
It's best to just pay cash for security reasons
It's fine to use your debit card without concern
Only go out if you have coupons to save money
You should only do carryout instead of dining in.
The number one weapon against impulse buying is:
Contentment
Commitment
Consistency
Collections
The best way to generate contentment is by actively practicing:
Gratitude and Generosity
Work and Willpower
Comparison and Contrast
Saving and Budgeting
Guard your monthly budget by:
Keeping your eyes on the big picture
Making more money to keep up
Shut down most spending
Forget giving...it's all about you.
When buying online, what should you look for FIRST?
Good reviews
Digital payments
An HTTPS site
The prices
What's the main reason people have trouble with contentment?
Income
Patience
Marketing
Comparison
The top "budget buster" is:
High prices due to inflation
Less income than expected
Impulse buying by consumers
Powerful marketing
Which warranty is included in the price of the product and offers coverage for defects?
Extended
Manufacturer's
Consumer's
Marketer's
