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- 1. Multiple Choice
The drawback to comparison shopping is
It doesn't really work
There is no draback
Your friends think you're nuts
It costs you time
- 2. Multiple Choice
Creating a budget allows for all of the following EXCEPT
Help you plan for the future
Forecast what you'll owe in taxes
Help you save
Track where your expenses are going
- 3. Multiple Choice
In 1962 President Kennedy sent a message to Congress that consumers had all of the following rights EXCEPT
The right to safety
The right to be informed
The right to choose
The right to the cheapest prices possible
The right to be heard
- 4. Multiple Choice
Consumers have the responsibility to
Be good shoppers
Buy as much as they can without going broke
Be smarter than the next guy
Be ethical
- 5. Multiple Choice
Which of the following is "bait and switch"?
The advertised is a really low price, but only a limited number of them are available
They offer coupons on both fishing equipment and electric switches
When you arrive a salesperson points out the drawbacks to the advertised item and points you toward a similar but higher priced item
They advertise a really low price but have none available for you to buy and they direct you towards a higher priced item
- 6. Multiple Choice
Select the two best definitions for consumerism.
Consumerism is a movement to educate buyers about the purchases they make
Owning a the right widget because you've done your research
Consumerism is the belief that we as consumers "must keep up with the Jones's
Buying a widget because everyone has a widget
- 7. Multiple Choice
True or False. "The advantages of the market system include the freedom to choose products, services, efficient pricing and the incentive to invent new products."
True
False
- 8. Multiple Choice
True or False. "Do you believe that education, occupation, and location make a difference in a person's earning power?"
True
False
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