One way that all consumer behavior is alike is that all consumers
Chapter 7 Quiz Review

Quiz
•
Social Studies
•
12th Grade
•
Easy
Shailindar Singh
Used 156+ times
FREE Resource
17 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
have similar tastes and wants.
share the same religious beliefs.
buy to satisfy their needs.
are the same age.
Answer explanation
Everyone has to meet their basic needs (or satisfy their necessities).
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If consumer spending increases, which of the following will decrease?
Prices
Unemployment
Production
Business Activity
Answer explanation
If consumers demand more goods and services, businesses will open and others will expand in order to provide those goods and services. They'll hire people to work in those businesses.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is the most important factor in determining how much consumers spend?
Gender
Age
Income Size
Marital Status
Answer explanation
People who are less wealthy can't afford to buy as much. Wealthy people spend more.
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Buying which of the following is an example of conspicuous consumption?
Notebook and Pens
School Lunch
Expensive Watch
Prom Tickets
Answer explanation
Conspicuous consumption is sort of like "showing off" through purchases.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When might you wait to buy something rather than buying now?
You're expecting prices to go up later.
You've just landed a new job.
You just got a pay raise.
You're expecting prices to fall soon.
Answer explanation
You're likely to buy when the prices are cheapest.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When might you buy something now, rather than waiting?
You're expecting prices to go up soon.
You're expecting prices to fall soon.
You're about to lose your job.
You're thinking a better product is about to be released.
Answer explanation
Again, you want the best price. Aside from the two responses related to price, the other two reasons are reasons people may to wait to buy.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
"Keeping up with the Joneses" refers to
the goods and services that we need to exist.
those things that satisfy people's wants and needs.
excessive spending to impress others.
spending to stay on the same level as friends and neighbors.
Answer explanation
This is like buying a new Porsche because your neighbors already have expensive sports cars.
Create a free account and access millions of resources
Similar Resources on Quizizz
20 questions
Economics - Chapter 1

Quiz
•
9th - 12th Grade
15 questions
Demand & Law of Demand

Quiz
•
9th - 12th Grade
20 questions
Economics - Topic 3 - Supply & Demand

Quiz
•
12th Grade
14 questions
Economics Demand

Quiz
•
9th - 12th Grade
19 questions
American Free Enterprise

Quiz
•
9th - 12th Grade
18 questions
PSB Unit 2

Quiz
•
9th - 12th Grade
21 questions
Supply and Demand

Quiz
•
9th - 12th Grade
14 questions
Inflation and deflation

Quiz
•
11th - 12th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
Discover more resources for Social Studies
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
65 questions
MegaQuiz v2 2025

Quiz
•
9th - 12th Grade
10 questions
GPA Lesson

Lesson
•
9th - 12th Grade
15 questions
SMART Goals

Quiz
•
8th - 12th Grade
45 questions
Week 3.5 Review: Set 1

Quiz
•
9th - 12th Grade