This quiz works best with JavaScript enabled. Home > Economics > Consumer > Behavior > Consumerism – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Consumerism Quiz 5 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Identity Health Safety Job Environment The above is a list of the factors used to measure: A) Gross domestic product. B) Economic success. C) Quality of life. D) Personal net worth. Show Answer Correct Answer: C) Quality of life. 2. How do fashion trends impact the environment? A) They have no impact. B) They lead to increased waste production. C) They reduce waste production. D) They help in conserving the environment. Show Answer Correct Answer: B) They lead to increased waste production. 3. Large-scale buying, much of it on credit A) Nuclear family. B) Consumerism. C) Service sector. D) None of above. Show Answer Correct Answer: B) Consumerism. 4. A greater economic efficiency means ..... A) A larger money spent on our country. B) Lesser use of paper money to save a lot of costs for our country. C) The economy will increase. D) The economy will be more efficient in import and export industry. Show Answer Correct Answer: B) Lesser use of paper money to save a lot of costs for our country. 5. What does "consumption" mean? A) The act of producing or creating something. B) The act of saving or preserving something. C) The act of destroying or eliminating something. D) The act of using or utilizing something, especially resources or goods. Show Answer Correct Answer: D) The act of using or utilizing something, especially resources or goods. 6. Protects the consumers against dishonest or misleading advertising or labeling, right in information and facts. A) Right to Safety. B) Right to Information. C) Right to Basic Needs. D) Right to Choose. Show Answer Correct Answer: B) Right to Information. 7. E-payment benefit is that the transaction can be completed ..... A) In 24 hours. B) Within days. C) Within minutes. D) Within weeks. Show Answer Correct Answer: C) Within minutes. 8. What is globalisation? A) The conscious consumption of locally produced goods. B) Travelling around the world to support international economies. C) Travelling within one's own country to support the local economy. D) The process whereby a business gains international influence or starts developing on an international scale. Show Answer Correct Answer: D) The process whereby a business gains international influence or starts developing on an international scale. 9. How does by supporting local products help support our community? A) Their businesses won't grow. B) You cause them to become poorer. C) You also help them to increase their financial income to support their own families. D) You pay their bills, and buy houses for them. Show Answer Correct Answer: C) You also help them to increase their financial income to support their own families. 10. Is this a GOOD or BAD tip-FOR CHRISTMAS DO ALL SHOPPING LAST MINUTE? A) GOOD TIP. B) BAD TIP. Show Answer Correct Answer: B) BAD TIP. 11. ..... because using recycled products will prolong the life of our landfills. A) Reduce. B) Reuse. C) Recycle. D) None of above. Show Answer Correct Answer: C) Recycle. 12. What is an installment plan? A) A plan where people would work for a set amount of days. B) A schedule for farmers to rotate crops. C) A payment plan where people could pay for goods over an extended period of time. D) The schedule which Germany had to pay for reparations. Show Answer Correct Answer: C) A payment plan where people could pay for goods over an extended period of time. 13. Virtual learning necessitates some kind of communication ..... such as a tablet, smartphone, or a laptop. A) Instruments. B) Gadgets. C) Device. D) Machine. Show Answer Correct Answer: C) Device. 14. Which of the following was NOT a problem in post-WWI U.S.? A) Nativism. B) Worker dislocation. C) Loss of farmer income. D) Consumerism. Show Answer Correct Answer: D) Consumerism. 15. The factory ..... more cars now that it has increased in size. A) Destroys. B) Produces. C) Wastes. D) None of above. Show Answer Correct Answer: B) Produces. 16. Where can you locate the unit price in a store? A) Ask the store manager. B) On the item you are purchasing. C) On the label or sign displayed by the item. D) On a sale ad. Show Answer Correct Answer: C) On the label or sign displayed by the item. 17. What is a budget? A) An estimation of income and expenses. B) A financial plan. C) A way to help save money. D) All are correct. Show Answer Correct Answer: D) All are correct. 18. It involves stealing personal information, such as credit card numbers, Social Security number, to gain access to a person's finances, usually make purchases with credit. A) Fraud. B) Infomercials. C) Internet Fraud. D) Identity theft. Show Answer Correct Answer: D) Identity theft. 19. How long does an eviction stay on your credit history? A) It doesn't stay on your credit history. B) 3 years. C) 7 years. D) 1 year. Show Answer Correct Answer: C) 7 years. 20. When a refund occurs? A) When the price goes up. B) When there are no sizes left. C) When you return a product and they give you the money back. D) None of above. Show Answer Correct Answer: C) When you return a product and they give you the money back. 21. EX.1 (Page 78). CHOOSE THE CORRECT OPTION.3.-A place where you might get a bill. A) A restaurant. B) Coca Cola. C) A car. D) A mannequin. E) A cent. Show Answer Correct Answer: A) A restaurant. 22. ..... will leave you in regret over your spontaneous purchase. A) Shopping till you drop. B) Impulse buying. C) Browsing. D) None of above. Show Answer Correct Answer: B) Impulse buying. 23. The greater the gross domestic product of a country, generally, the higher its standard of living. A) False. B) True. Show Answer Correct Answer: B) True. 24. Health insurance is unnecessary as going to the doctor and hospital stays are inexpensive. A) False. B) True. Show Answer Correct Answer: A) False. 25. What is disposable income? A) Income remaining for a person to spend or save after all taxes have been paid. B) Money income a person has left to spend on extras after necessities have been bought. C) Choosing the alternative that has the greatest value from among comparable-quality products. D) Advertising that attempts to persuade consumers that a product is different from and superior to any other. Show Answer Correct Answer: A) Income remaining for a person to spend or save after all taxes have been paid. 26. Which of the following did NOT contribute to the Red Scare in the United States following World War I? A) Labor strikes in the US by workers seeking higher wages. B) Bolshevik Revolution in Russia in which Communists, led by Lenin, seized power and called for world wide revolution. C) Immigration Quotas and Restrictions. D) Bombing of Wall Street. Show Answer Correct Answer: C) Immigration Quotas and Restrictions. 27. Agency that is responsible for protecting consumers from unfair or deceptive business practices. A) Federal Trade Commission. B) Better Business Bureau (BBB). C) Consumer Product Safety Commission. D) None of above. Show Answer Correct Answer: A) Federal Trade Commission. 28. To be compensated for misinterpretation, shoddy goods, or unsatisfactory services. A) Right to Information. B) Right to Consumer Education. C) Right to Redress. D) Right to Representation. Show Answer Correct Answer: C) Right to Redress. 29. What is ethical behavior? A) Ad that attracts consumers with a low-priced product, then tries to sell them a higher-priced product. B) Getting information on the types and prices of products available from different stores and companies. C) A movement to educate buyers about the purchases they make and to demand better and safer products from manufacturers. D) Acting in accordance with moral convictions about right and wrong. Show Answer Correct Answer: D) Acting in accordance with moral convictions about right and wrong. 30. His trips last ..... (long) than they used to. A) Longest. B) More longer. C) More long. D) Longer. Show Answer Correct Answer: D) Longer. ← PreviousNext →Related QuizzesConsumer QuizzesEconomics QuizzesConsumerism Quiz 1Consumerism Quiz 2Consumerism Quiz 3Consumerism Quiz 4Consumerism Quiz 6Consumerism Quiz 7Consumerism Quiz 8Consumerism Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books