Economics Unit 2 Question Preview (ID: 43525)


Consumerism! TEACHERS: click here for quick copy question ID numbers.

any person or group that buys or uses goods and services to satisfy personal needs and wants
a) individual
b) consumer
c) laborer
d)

income remaining for a person to spend or save after all taxes have been paid
a) disposable income
b) discretionary income
c) gross wage
d) living expenses

money income a person has left to spend on extras
a) discretionary income
b) disposable income
c) gross income
d) living expenses

advertising that attempts to persuade consumers that a product is different from and superior to any other
a) informative advertising
b) bait and switch
c) competitive advertising
d) humor

Making consumers laugh and create an emotional connection with the product.
a) Humor
b) bait and switch
c) competitive
d) informative

advertising that benefits consumers by giving information about a product
a) humor
b) bait and switch
c) competitive
d) informative

ad that attracts consumers with a low-priced product, then tries to sell them a higher-priced product (limited stock)
a) informative
b) bait and switch
c) competitive
d) humor

getting information on the types and prices of products available from different stores and companies
a) comparison shopping
b) brand name
c) generic brand
d) competitive shopping

movement to educate buyers about the purchases they make and to demand better and safer products from manufacturers
a) materialism
b) liberalism
c) consumerism
d) mercantilism

Which of the following is NOT one of Kennedy's consumer rights?
a) the right to choose
b) the right to safety
c) the right to be informed
d) the right to buy

the amount of a good or service that consumers are able and willing to buy at various possible prices during a specified time period (how much consumers want to buy)
a) supply
b) demand
c) shortage
d) surplus

the amount of a good or service that producers are able and willing to sell at various prices during a specified time period (the amount of product available)
a) supply
b) demand
c) shortage
d) surplus

situation in which the quantity demanded is greater than the quantity supplied at the current price
a) surplus
b) shortage
c) demand
d) supply

situation in which the quantity supplied is greater than the quantity demanded at the current price
a) surplus
b) shortage
c) demand
d) supply

Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 43525 in the upper right hand corner or click here.

TEACHERS / EDUCATORS
Log In | Sign Up / Register

Help / Support / FAQ




Gaming Links