stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Consumerism Flashcards | StudBud
Explore
/
Consumerism
Consumerism
22 terms
·
StudBud Administration
·
3,833 plays
Consumer Education Unit 1
Flashcards
22 cards
F
Practice quiz
P
Host live
L
Questions
22
Answers
1
This right protects consumers from dishonest advertising, labeling, or sales practices:
the right to be informed
the right to choose
the right to redress
the right to service
2
What happens to price if the supply of a product goes down?
nothing happens
it goes sideways
it goes down
it goes up
3
How is profit calculated?
sales - cost of production
cost of production - sales
sales - earnings
earnings - sales
4
What is an economic goal that treats all citizens fairly called?
justice
efficiency
stability
security
5
This right protects against products and services that are dangerous:
the right to be informed
the right to redress
the right to choose
the right to safety
6
The way a society uses resources to satisfy wants and needs is called:
economic system
mixed economy
effeciency
consumerism
7
A combination of two systems determines economic decisions in a/an
mixed economy
traditional economy
command economy
market economy
8
The government makes all economic decisions in a/an
market economy
traditional economy
mixed economy
command economy
9
Customs & culture control economic decision making in a/an
traditional econonomy
market economy
command economy
mixed economy
10
The consumer right to access a variety of goods and many price points is:
the right to be heard
the right to redress
the right to choose
the right to safety
11
Individuals who are in it for the $ make economic decisions in a/an
market economy
mixed economy
traditional economy
command economy
12
What is the wise use of limited resources?
security
growth
efficiency
stability
13
Consumers contributing to the making of laws is:
the right to be heard
the right to be informed
the right to choose
the right to service
14
Which is NOT an economic role that people have in our economy?
shopper
worker
tax payer
consumer
15
A measure of the efficiency with which goods and services can be produced is called:
supply
demand
economics
productivity
16
What powers do consumers have?
inform where services will be provided
determine the target market
determine where to advertise
determine how to advertise
17
What is an increase in the amount of goods and services over time?
effeciency
stability
growth
security
18
How much of a good/service consumers are willing and able to buy is called:
equilibrium
supply
want
demand
19
If a consumer is looking to solve a problem with a product they are seeking:
replacement
review
redress
release
20
How much of a good/service a business is willing and able to provide is called:
demand
equillibrium
want
supply
21
Where supply = demand is called:
intersection
lowest point
midpoint
equillibrium
22
What is the steady level of economic well-being called?
justice
stability
security
efficiency