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Which group of players uses the goods and services produced in the game of economics?

Question 1 options:

producers


workers


economists


consumers

Question 2 (1 point)
Which does NOT describe the role that workers play in the economy?

Question 2 options:

invent new technologies


make decisions based upon the business model


act as both consumers and producers


deliver goods and services to consumers

Question 3 (1 point)
In economics, businesses do all EXCEPT which of the following?

Question 3 options:

hire workers


purchase resources


guide the economy


organize production

Question 4 (1 point)
Which of the following statements best describes the results provided by market research?

Question 4 options:

Market research tells producers what consumers want and what they're willing to pay.


Market research helps producers understand market forces better.


Market research lets producers predict what laws the government is planning to make.


Market research allows producers to create trends that lead to more sales.

Question 5 (1 point)
Which consumer purchase is the result of peer pressure?

Question 5 options:

a sweater after winter is over because of a clearance sale


mirrored sunglasses because all your friends have them


a turkey for Thanksgiving dinner


a renewable product in order to save trees

Question 6 (1 point)
Consumers play an important economic role because they decide on what goods and services to use and buy, how much to buy, and what prices they are willing to pay for it.

Question 6 options:
True
False
Question 7 (1 point)
Producers try to satisfy the needs and wants of consumers for goods and services. They have to understand what consumers need or want and how much they are willing to pay for those goods and services.

Question 7 options:
True
False
Question 8 (1 point)
Culture, peer pressure, price, and environmental changes influence the decisions made by producers and consumers.

Question 8 options:
True
False
Question 9 (1 point)
Which of the following activities shows the government playing the role of producer?

Question 9 options:

The government buys materials to build a bridge.


Congressmen shop for planes to transport them to Washington, D.C.


The government uses electricity to run its offices.


The government opens a new college.

Question 10 (1 point)
Which of the following activities shows the government playing the role of consumer?

Question 10 options:

The government opens a new college


The government builds new highways.


The government uses electricity to run its offices.


Firefighters battle a fire at a building downtown.

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Answer:

Question 1

Which group of players uses the goods and services produced in the game of economics?

The group of players that uses goods and services produced in the game of economics are the CONSUMERS

Question 2

Which does NOT describe the role that workers play in the economy?

The role that does not describe the role of workers in the economy is act as both consumers and producers. They were never consumers and producers in the economy, they only help in production and make decisions based on business model

Question 3

In economics, businesses do all EXCEPT which of the following?

Businesses does not guide the economy In economics rather they hire workers that helps to carryout production activities among others and organize production and either purchase resources or produce the resources

Question 4

Which of the following statements best describes the results provided by market research?

Market research helps producers understand market forces better, the market forces has to do with the law of demand and supply which helps to acquire the market skills and plan for future occurrence.

Question 5

Which consumer purchase is the result of peer pressure?

mirrored sunglasses because all your friends have them

Question 6

Consumers play an important economic role because they decide on what goods and services to use and buy, how much to buy, and what prices they are willing to pay for it.

True

Question 7

Producers try to satisfy the needs and wants of consumers for goods and services. They have to understand what consumers need or want and how much they are willing to pay for those goods and services.

True

Question 8

Culture, peer pressure, price, and environmental changes influence the decisions made by producers and consumers.

True

Question 9

Which of the following activities shows the government playing the role of producer?

The government buys materials to build a bridge.

Question 10

Which of the following activities shows the government playing the role of consumer?

The government uses electricity to run its offices.

Explanation:

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