Question 1

Which of the following is an example of a trend in economics?

Accepted Answer

The increasing cost of living and rate of unemployment over a long period

Answer

The rising popularity of a certain economic ideology

Answer

A general movement in sales and popularity of a product

Answer

The short-lived popularity of a certain product

Question 2

What is a fad?

Accepted Answer

A short-lived fashion or craze

Answer

A widely-shared interest or activity that lasts for a long period of time

Answer

A long-lasting trend in a certain field

Answer

A product that satisfies a strong consumer need

Question 3

How does a trend differ from a fad?

Accepted Answer

A trend has a definite beginning and end while a fad continues to grow

Answer

A trend is a temporary fashion while a fad is a long-lasting interest or activity

Answer

A trend is a short-lived fashion while a fad evolves and changes over time

Answer

A trend is a product that satisfies a strong consumer need while a fad has little utility

Question 4

Which of the following is an example of a fad?

Accepted Answer

Hoverboards

Answer

Stem cell treatment in medicine

Answer

Rise of oatmeal products in food

Answer

Paperless tickets and online check-in in travel

Question 5

What is the main characteristic of a fad?

Accepted Answer

It has a definite beginning and end

Answer

It lasts for a long period of time

Answer

It satisfies a strong consumer need

Answer

It is a prevailing style or preference in a certain field

Question 6

What is the main characteristic of a trend?

Accepted Answer

It evolves and changes over time

Answer

It is a short-lived fashion or craze

Answer

It is a widely-shared interest or activity that lasts for a long period of time

Answer

It has a definite beginning and end

Question 7

Which of the following is NOT an example of a fad?

Accepted Answer

Portable music players

Answer

Tamagochi pets

Answer

Hoverboards

Answer

iPod

Question 8

What is the difference between a trend and a fad?

Accepted Answer

A trend is a product that satisfies a strong consumer need while a fad has little utility

Answer

A trend is a short-lived fashion while a fad evolves and changes over time

Answer

A trend is a temporary fashion while a fad is a long-lasting interest or activity

Answer

A trend has a definite beginning and end while a fad continues to grow

Question 9

What is a common characteristics of fads?

Accepted Answer

They have a quick rise in sales and popularity followed by a quick decline

Answer

They have a long-lasting popularity

Answer

They cover almost all of human activities

Answer

They satisfy a strong consumer need

Question 10

Which of the following is an example of a trend in the filed of music?

Accepted Answer

Jazz music

Answer

Frisbee

Answer

Tamagochi pets

Answer

iPod

Question 11

Which of the following is an example of a fad?

Accepted Answer

Hello Kitty

Answer

Stem cell treatment

Answer

Business process outsourcing

Answer

Wearable devices that monitor training performance

Question 12

What is a prevailing style or preference in the fields of arts, fashion, and music?

Accepted Answer

Trend

Answer

Craze

Answer

Fad

Answer

Hype

Question 13

Why do individuals choose song selections dependent on their respective era or generation?

Accepted Answer

Because their song selection was dependent on the most prevailing genre of songs during their respective era or generation

Answer

Because they have little knowledge of current songs

Answer

Because they want to appear nostalgic

Answer

Because they want to be different from others

Question 14

What is an example of a trend in the sphere of economics?

Accepted Answer

Increasing rate of unemployment

Answer

Decreasing stock market prices

Answer

Growth of small businesses

Answer

Decreasing cost of living

Question 15

What is a prevailing preference in sports?

Accepted Answer

Wearable devices that monitor training performance

Answer

High-top sneakers

Answer

Face tattoos

Answer

Knit beanies

Question 16

What is an example of a classic fad?

Accepted Answer

Virtual pets

Answer

Social networking sites

Answer

Business process outsourcing

Answer

Cashless transactions

Question 17

What is a characteristics of a fad that differs from a trend?

Accepted Answer

It has a definite beginning and end

Answer

It has a long-lasting popularity

Answer

It evolves and changes over time

Answer

It satisfies a strong consumer need

Question 18

What is a widely-shared enthursias for something, especially one that is short-lived?

Accepted Answer

Fad

Answer

Trend

Answer

Hype

Answer

Craze

Question 19

Which of the following is an example of a fad?

Accepted Answer

iPod

Answer

Stem cell treatment

Answer

Rise of oatmeal products in food

Answer

Cashless transactions

Question 20

What is afad characterized by?

Accepted Answer

Quick rise in sales and popularity followed by a quick decline

Answer

Pattern of behavior demonstrated by a big number of people within a particular period

Answer

Little utility

Answer

Evolution and change over time

Question 21

What are some examples of fads mentioned in our lesson?

Accepted Answer

Hoverboards and kalyeserye

Answer

Cashless transactions and hula hoops

Answer

Business process outsourcing and Tamagotchi pets

Answer

Denim jeans and virtual pets

Question 22

What is the difference between a fad and a trend in terms of their duration?

Accepted Answer

A trend is a long-lasting interest or activity while a fad is short-lived

Answer

A fad lasts longer than a trend

Answer

A fad evolves and changes over time while a trend is short-lived

Answer

A trend has a definite beginning and end while a fad continues to grow

Question 23

What is a prevailing movement in the sphere of politics called?

Accepted Answer

Tendency

Answer

Fad

Answer

Trend

Answer

Fashion

Question 24

Which of the following is an example of a fad?

Accepted Answer

A toy that is very popular for a short time and then loses its popularity.

Answer

A new clothing line that is popular for an entire season.

Answer

A classic novel that has been popular for decades.

Answer

A type of food that is popular in a certain region.

Question 25

Which of the following is NOT an example of a fad?

Accepted Answer

Television

Answer

Virtual pets

Answer

Candy Crush App

Answer

iPod

Question 26

What is the reason behind the quick rise and decline of fad products?

Accepted Answer

They do not satisfy a strong consumer need.

Answer

They are not advertised properly.

Answer

They are too complicated to use.

Answer

They are too expensive.

Question 27

Which of the following is an example of a fad that still has loyal followers?

Accepted Answer

Tamagochi pets

Answer

Hula hoop

Answer

Television

Answer

iPod

Question 28

Which of the following is an example of a fad that was popular in the past?

Accepted Answer

Hula hoop

Answer

Tamagochi pets

Answer

Instagram

Answer

iPod

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