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Social Studies, 25.10.2019 10:43 richardsonl

1a shopper benefits from reading consumer reports because the organization

a. is known for its coupons that will save money.

b. tests and reviews products to consumers make informed decisions.
c. frequently offers contests to win gift cards.

d. features advertisements on new products.

2unions have been in decline since the 1960s because of

a. foreign competition.

b. americans finding union jobs to be too difficult.

c. the move of businesses to more expensive areas of the nation.

d. unions shutting themselves down because they achieved most of their original goals.

3what government program provides hospital and medical care benefits to people age 65 or older?

a. medicare

b. mediage

c. medicaid

d. senior citizen's major medical

4. when a bank evaluates a person for a loan, what does the word "capacity" refer to?

a. the willingness to repay debts

b. property that can be pledged to protect the lender
c. the ability to make payments on time

d. the amount of the loan in question

5which federal agency insures savings deposits?

a. the savings deposit agency

b. the consumer product safety commission

c. the securities and exchange commission

d. the federal deposit insurance corporation

6it's advisable to start saving and investing as early as possible in order to

a. take advantage of low interest rates.

b. allow for more spending later.

c. avoid paying taxes.

d. take advantage of compound interest.

7which of the following shopping habits is best avoided?

a. impulse buying

b. saving for purchases
c. reading labels

d. unit pricing

8 why is the finance charge important to consider when shopping for credit?

a. the finance charge relates to how long you'll be paying the debt back.
b. the finance charge is the total you'll have to pay for credit.

c. the finance charge isn't available to all borrowers.

d. the finance charge determines your credit worthiness.

9the purpose of insurance is to

a. protect against financial loss.

b. avoid vehicle accidents.

c. provide extra costs to employers.

d. guarantee against medical problems.

10 a high-skill job has a lower supply of potential workers than a low-skill job because

a. only a small number of people will have the skills or talent for a high-skill job.
b. high-skill jobs tend to be stressful.

c. high-skill jobs don't pay enough.

d. low-skill jobs tend to pay much more.

11. which of the following would be a reason why people save and invest?

a. to buy day to day items

b. to prepare for retirement

c. to hide their money from the government

d. to appear to be less well off than they really are

12in general, the best possible way to pay for something is with

a. an installment plan.

b. a credit card.

c. a charge card.

d. cash.

13. why are professional associations interested in keeping professional standards high?

a. professional associations get paid based on customer reviews.

b. a few dishonest professionals can hurt the entire profession.

c. they can charge more for higher standards.

d. professional associations are forced by law to keep standards high.

14. what's the cost of consumer credit?

a. interest

b. buying something you can't afford right now
c. inflation

d. investment

15. one disadvantage of advertising is that it

a. encourages impulse buying.
b. provides entertainment.

c. saves time.

d. stimulates competition.

16. comparing products according to price per ounce is an example of what shopping strategy?

a. ounce pricing

b. superior shopping

c. unit pricing

d. price to earnings ratio

17. which of the following ways of investing/saving is the most liquid?

a. savings account

b. real estate

c. federal bond

d. certificate of deposit

18. which choice best describes labor laws passed during the new deal?

a. anti-union

b. neutral towards unions

c. union friendly

d. no labor laws were passed during that time period

19. wise money management

a. results in an increase in your allowance or wages.

b. makes saving unnecessary.

c. reduces the need for bank accounts.

d. you make the most of the money you have.

20. how does consumer demand affect the economy?

a. consumers only buy normal goods.

b. consumers earn most of the income.

c. consumers determine what goods and services will be produced through their purchasing decisions.
d. consumers are polled by companies as to what products should be produced.

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