Consumption Activities Quiz

What is the main objective of consumption activity?

• To increase the value of goods

• To reduce the economic value of goods and services

• To produce goods and services

• To save money

Who is a consumer?

• A person who produces goods

• A person who buys and uses goods and services

• A person who sells goods

• A person who saves money

What is meant by 'consumption' in economics?

• The process of making goods

• The process of using goods and services

• The process of selling goods

• The process of saving money

Which of the following is an example of consumption?

• Making clothes

• Using a mobile phone

• Planting a tree

• Storing food

Which of these is NOT a type of consumption activity?

• Eating food

• Watching TV

• Recycling products

• Buying clothes

Consumption can occur:

• Only once

• Only gradually

• Once or gradually

• Only in the morning

When a consumer buys a new book and reads it, they are:

• Producing goods

• Consuming goods

• Saving money

• Trading services

What is the main purpose of consumption in an economy?

• To reduce the supply of goods

• To satisfy people's needs and wants

• To increase production of goods

• To increase the amount of money in circulation

Which of the following is an example of consumption of a durable good?

• A bottle of juice

• A new smartphone

• A box of cereal

• A pair of shoes you wear once

When people choose to buy a product based on its quality, which factor are they primarily considering?

• Price

• Availability

• Value

• Popularity