Who Is the Consumer in Microeconomics?


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question 1 of 3

In microeconomics, which of the following is considered a consumer?

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1. What percentage of the United States economy is supported by consumer spending?

2. What theory is concerned with understanding individual consumer decision making and its impact on businesses?

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About This Quiz & Worksheet

Figuring out the function of the consumer in the economy is crucial for many reasons, and the quiz and worksheet materials will examine your knowledge about the role of the consumer in microeconomics. The questions in the quiz want you to correctly identify facts and figures about this concept.

Quiz & Worksheet Goals

In the quiz, you will be tested on the:

  • Percentage of the economy that is made up of consumer spending
  • Definition of a consumer
  • Microeconomic assumption about consumers
  • Field that studies consumer decision making

Skills Practiced

Improve the implementation of these skills with the worksheet/quiz pairing:

  • Reading comprehension - ensure that you draw the most important information about the role of the consumer in microeconomics from the related lesson
  • Making connections - use your knowledge of business to understand why the microeconomic assumption about consumers is important
  • Defining a key concept - verify that you can accurately define a consumer, when looked at from a microeconomics perspective
  • Information recall - access the knowledge you have gained regarding the effect of consumer spending on the economy

Additional Learning

Review the lesson titled Who Is the Consumer in Microeconomics? to learn more about this topic. The lesson covers these objectives:

  • Learn how consumers are now taking a more active role in the economy
  • Understand the importance of consumer protection laws
  • Define the microeconomic assumption to understand consumer purchasing decisions