Personal Finance Chapter 3 Literacy Review New

Rapidly rising prices that are out of control

Carrying well-known brand names to attract customers who are loyal to those brands

Informing consumers about products and encouraging them to buy

Copying the contents from one form of media to another for personal use

Rising prices resulting from consumers wanting 2 buy more goods &services than producers supply

_____ protects your health and billing information, including information stored on a network.

Process of checking prices among several sellers

High Prices followed by drops and then high prices again

monetary policy refers to actions taken by the fed res sys (fed) to help stabilize the economy

In 1999, it became apparent that Airline Passengers were being treated unfairly until this law

Advertising basic services @ an unusually low price &claiming addtnl. services/repairs r needed

Internet ads that open a new window in front of the web page being viewed

Purchasing something on the spur of the moment without thinking

Setting a price based on cost plus markup

Offering low everyday prices, generally lower than competitors

A lengthy paid TV ad that includes testimonials, demonstrations, and introductory prices

An increase in the general level of prices for goods and services

______ is a federal law that protects the privacy of student records.

Getting the highest value for your money

Rising prices with the rate of increase slowing down

Distributing product information directly to consumers

Recording video or audio for later viewing or listening

Money collected from new investors is used to pay off earlier investors.

Telephone or door-to-door solicitations made by people who claim to represent a company.

Illegal sales technique in which a business advertises a product but wants you to buy higher $.

A specific group of people who are likely to buy a product

An Introductory price set high to recover R&D Costs

Information on products advising consumers about risks and safety issues

States that detailed information is required on all food and drinks.

The process of purchasing products based on desire rather than logic

Profit that allows a business to survive and grow

_____, is a clearinghouse of information about local businesses where consumers can file.

Print ads or signs on public transportation

Business advertises a big sale but keeps items at regular price.

Which strategy will be used for a new technology product with high research & development costs

Reflects how people think about their future and about the product being sold.

Inspects food to ensure wholesome and truthful labeling.

A decrease in general level of prices for goods & services

One of the most important steps towards consumer protection in 1962 was the ...

False claims about a product

Con artist convinces a person to give up their money in return for a larger sum of money.

Rising prices due to scarce resources or increased difficulty in obtaining resources

Internet ads that span the top, bottom, or sides of a web page

Requires that foods be safe, pure, and wholesome. It includes drugs and medical devices be safe

Which form of inflation is created by consumers spending money too fast?

The process of selecting goods and services based on need, want, and logical choices

Consumers are saving as much as possible and spending money only when necessary.

Prices set to be competitive with prices of similar products

Controls air traffic and certifies aircraft, airports, pilots, and other workers.

Rising prices as a result of producers' costs increasing