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Consumer Economics MCQ

When negative wom spreads on a relatively large scale, it can result in _____.

Answer

Correct Answer: Negative public publicity

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The amount of one currency that can be traded for a unit of another currency is called the _____.

Answer

Correct Answer: Exchange rate

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When you finance a car, the car then becomes _____ for the loan.

Answer

Correct Answer: Collateral

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Yelp assists consumers in their _______ search for information.

Answer

Correct Answer: External

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Some companies attempt to initiate problem recognition through ______.

Answer

Correct Answer: A and D

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Culture is best described as a society's ________.

Answer

Correct Answer: Personality

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________ are frequently able to influence others' attitudes on behavior.

Answer

Correct Answer: Opinion leaders

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________ describes the capacity to alter the actions of others.

Answer

Correct Answer: Social power

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_____ refers to the density of people and objects within a given space.

Answer

Correct Answer: Crowding

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A human resource that is used to produce goods and provide services is called _____.

Answer

Correct Answer: Labor

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_____________________ cannot be eliminated, but it can often be managed.

Answer

Correct Answer: Imperfect information

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