International Baccalaureate (IB) Practice Exam 2026 – Complete Study Resource

The statement that choices have no impact on the global market is inaccurate because consumer choices inherently shape demand and supply dynamics on a global scale. When consumers decide to purchase products or services, they influence which companies thrive and which may fail. This purchasing behavior can lead to shifts in manufacturing, global trade practices, and even resource allocation, affecting economies worldwide.

In contrast, the other statements reflect the reality of consumer behavior. Consumer choices do significantly affect the larger social environment, as they can drive trends and norms within society. Making wise purchasing decisions indeed requires various skills, such as critical thinking and financial literacy, in order to evaluate options and discern value. Every purchasing choice carries financial implications, impacting personal budgets, the economy, and even employment in various sectors.