Consumer Preferences

question 59

Multiple Choice

Consumer preferences

• A)do not vary from one consumer to another
• B)have little to do with personal tastes and income
• C)are not influenced by the utility of goods
• D)are individual evaluations of goods and services
• E)can be objectively measured and compared across individuals

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Definitions:

Economic Pressure

Financial stress or strain affecting individuals, families, or societies, influencing their behaviors and decisions.

Poverty Line

The minimum level of income deemed necessary to achieve an adequate standard of living in a given country, below which individuals are considered to be living in poverty.

Othermothers

Non-biological female caregivers who provide support and care in community settings, playing a significant role in child-rearing in many cultures.

African American

Pertaining to American individuals of African descent, often with a historical context of slavery and civil rights struggles.