__________ is person's distinguishing psychological characteristics that lead to his or her own environment?
Correct answer: B. Personality
- A. Psychographics
- B. Personality
- C. Demographics
- D. Lifestyle
Explanation
Personality consists of distinctive psychological characteristics that produce relatively consistent responses to the environment. Demographics describe population traits, while lifestyle describes a person's pattern of living.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Microeconomics
Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
Practise Microeconomics
1,742 free Microeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Microeconomics questions
The Choice between high markups and high volume is part of which of the following retailer marketing decisions ?
If your company were to make light bulbs to be used in photocopiers you would most likely be selling to a _________ market?
A(n) ________ is a name term sign symbol or design, or a combination of these that identifies that maker or seller of a product or service ?
When producers, wholesalers, and retailers act as a unified system they comprise a ?
The most logical budget setting method is found in the list below. Which is it ?
The course of a product's sales and profits over its lifetime is called ?