Exploring Income and Social Class
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Questions and Answers

What does discretionary income refer to?

  • The amount needed to feel comfortable
  • The money households have after meeting their basic needs (correct)
  • The beliefs and expectations about the future state
  • The psychological meanings associated with money

    • What are some of the psychological meanings associated with money?

  • Success and social acceptance
  • Security and love
  • Freedom and sex appeal
  • All of the above (correct)

    • What does consumer confidence refer to?

  • The wealth gap
  • The impact of economic conditions
  • The beliefs and expectations about the future state (correct)
  • The amount of discretionary income

    • Which of the following is a factor that influences consumer demand?

    <p>The amount of discretionary income</p> Signup and view all the answers

    What is the focus of the text?

    <p>The wealth gap and acquired vs earned money</p> Signup and view all the answers

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