social chater 7 not vocan actual stuff fr YAAAAAAAAAA Flashcards
Consumerism influences the ____________ of both Canada and the U.S. It reflects some ________ ____ that shape the economies of both countries.
Economies/common values
What does consumerism as an economic theory state?
The more people buy, the better it is for the economy
The decisions we make as consumers have consequences. What are they?
Quality of life/citizenship/identity for ourselves and others
What are four factors that affect human behaviour?
Identity/health and safety/jobs/environment
The choices that you make, reflect your
identity
Why is there federal law that requires warnings on products?
To discourage consumers from buying them, warning tell you they can cause cancer
What plays an important role in both mixed and market economies?
Consumer spending
What did consumers spend in 2006 for products and services?
400 billion
If profit falls, what happens as a result?
Fewer people have jobs
What makes 1/3 of waste in North America?
packaging
Which advertising technique relates a product or service to ordinary people?
plain folks apeal
Which advertising technique uses strong emotional language?
emotional appeal
Boycott means to?
A decision by consumers to stop buying a product or service as a way to bring about change
Why do Canada and the US track consumer spending?
Consumerism plays an important role in both mixed and market economies, indicates the health or lack of, of the economy
what does GDP mean
GDP=gross domestic product/measures the amount of wealth a country’s economy generates
