5 Questions
What does discretionary income refer to?
The money households have after meeting their basic needs
What are some of the psychological meanings associated with money?
All of the above
What does consumer confidence refer to?
The beliefs and expectations about the future state
Which of the following is a factor that influences consumer demand?
The amount of discretionary income
What is the focus of the text?
The wealth gap and acquired vs earned money
Test your knowledge on income and social class with this quiz! Explore topics such as consumer identity, spending habits, economic conditions, and the impact of social position on consumption. Discover how consumer demand is influenced by our ability and willingness to make purchases.
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