Consumers with Lower Levels of Education

question 25

Multiple Choice

Consumers with lower levels of education:

• A) are the most likely to shop on the internet.
• B) spend more time researching financial investment decisions.
• C) are more likely to consume white bread.
• D) None of the given answers are correct.

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Definitions:

Equity

Fairness or justice in the way people are treated, or the ownership interest of shareholders in a company.

Efficiency

The optimal production and distribution of resources in a way that maximizes the net benefit to society or an economy.

Total Surplus

A measure of society's overall net advantage resulting from the consumption and production of a good or service, comprised of both consumer and producer surplus.

Fire Marshal

An official responsible for enforcing fire safety codes and regulations, as well as investigating fires to determine their cause.