Question: Which does not influence costumers’ decisions?

• GDP

• - Culture

• - Peer Pressure

• - Trends

• Answer: GDP

• Question:

• Answer: Knowing what consumers want helps producers make more money.

• Question: Which consumer purchase is the result of environmental influences?

• Answer: A renewable product in order to save trees.

• Question: Which are useful for conducting market research?

• Answer: Focus groups

• Question: Which describes the economic role of a producer?

• Answer: Provides goods and services

• Question: Businesses are necessary in order to perform which function?

• Answer: Hire, organize, and supply workers

• Question: In economics, workers are producers. Which other role do the play?

• Answer: Consumers

• Question: In economics, who must make the goods and services that exist?

• Answer: Workers

• Question: Which best explains how consumers’ purchases influence the decisions of producers?

• Answer: Producers can figure out what consumers are willing to pay based on what they buy

• Question: In the game of economics, every person alive plays the role of which of the following?

• Answer: Consumer