Spending

Question 1

The point at which it is no longer advantageous to buy in bulk is known as marginal

Revolt · Accepted Answer

benefit.

Question 2

This chart shows the actual pricing history for three items.

Revolt · Accepted Answer

smartphone

Question 3

A monthly fixed rate mortgage payment

Revolt · Accepted Answer

never changes.

Question 4

What is advertising used for? Check all that apply.influencing consumer tastestracking product popularityincreasing product awarenesspromoting company brandinggathering data about potential consumers

Revolt · Accepted Answer

influencing consumer tastes; increasing product awareness; promoting company branding

Question 5

Mr. and Mrs. Atoll are planning a party for 10 people and want to make sure they have enough soda for everyone to have two bottles. Which of the following makes the most economic sense?

Revolt · Accepted Answer

one case of 24 sodas at $18.50

Question 6

Read the scenario.Brad has a steady job, earns a solid income, and plans to live in a nearby city for the long term. He is looking to purchase both a car and a place to live, and he is very interested in building up equity and credit.

Revolt · Accepted Answer

buying both a car and a home

Question 7

Building equity in a home is a good thing because

Revolt · Accepted Answer

equity in a home increases the homeowner’s net worth.

Question 8

When companies spend millions of dollars developing logos and slogans, or use celebrity endorsements to encourage consumers to buy particular products, this is called

Revolt · Accepted Answer

product branding.

Question 9

Why might people choose to rent a home rather than buy a home?

Revolt · Accepted Answer

The property maintenance is the owner's responsibility.

Question 10

Which activity is done in Step 2 of comparison shopping?

Revolt · Accepted Answer

Assess the purchase objectively.

Spending Answers

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