Which Type of Consumer Is Almost Impossible to Clearly Characterize

question 31

Multiple Choice

Which type of consumer is almost impossible to clearly characterize?

• A) Productive
• B) Postmodern
• C) Unproductive
• D) Responsible

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Definitions:

Economic Activity

Activities related to the creation, distribution, and use of goods and services in an economic system.

Market Economy

An economic system in which economic decisions and the pricing of goods and services are guided solely by the interactions of citizens and businesses.

Equilibrium Quantity

At the market equilibrium price, the amount of goods or services that are supplied matches the amount that is demanded.

Equilibrium Price

A pricing point in the market where the supply of goods meets the demand for those goods.