Making Spending Decisions Answers
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The graphic compares two basketball shoes.
A
the Hyper-Dunks because they will last for two seasonsB
the Air Slammers because they are the best priceC
the Hyper-Dunks because his favorite pro player wears themD
the Air Slammers because those are what his teammates chose2
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Consumers who agree to a "no interest” installment plan should be aware of
A
how much is saved by avoiding cash.B
the terms outlined in the paperwork.C
sales that would lower prices.D
interest rates other consumers pay.3
What helps a consumer determine the quantity of something to buy?
A
marginal costB
marginal errorC
marginal benefitD
marginal comparison4
[BLANK]
A
conspicuousB
emotionalC
researchD
wise5
Which statements accurately describe financing a purchase? Check all that apply.
A
It requires people to pay the price upfront.B
It means people take on debt.C
It allows for an immediate purchase.D
It means people can buy without debt.E
It requires that interest be paid.F
It leads to lower prices paid.6
Which example could be considered a harmful spending motivation?
A
asking others about potential hidden costsB
putting family needs first before buying a productC
buying something expensive in order to feel betterD
comparing features of many different products7
The chart shows the pricing history for two items.
A
Carrie, who waited six months to buy a game systemB
Timothy, who bought a game system right away because it was popularC
Eugene, who bought a phone immediately for fear they would sell outD
Marlene, who waited six months to buy a phone8
The chart shows pricing and payment options for three big items.
A
paying the $1,450 up frontB
making rent-to-own paymentsC
taking out an installment planD
renting to own and returning the item mid-contract9
Which of the following is an unhealthy motivation for donating money to charitable organizations?
A
to help build a better worldB
to support a cause that you care aboutC
to do good for othersD
to make yourself feel important10
Raul needs to buy a computer for work. The first step in researching the product is to
A
examine key features, such as how long it will last.B
write a product review for it on a consumer blog.C
ensure that it is protected by the government.D
buy it because it is endorsed by a popular company.Did you find these answers helpful?
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