Chapter 7

Question 1

What is consumerism linked to?

Answer 1

Consumerism influences the economies of both Canada and the U.S.

Question 2

consumerism: meaning

Answer 2

an economic theory that links prosperity to

consumer demand for goods and services, and that makes consumer behaviour central to economic decision making

Question 3

What does consumerism say?

Answer 3

Consumerism is an economic theory that says the more you buy, the better it is for the economy

Question 4

Factors that are affected by consumer behaviour?

Answer 4

1) Identity
2) Health and Safety
3) Jobs
4) Environment
5) Marketing

Question 5

How does the government contribute to the health and safety of consumers?

Answer 5

Federal law requires warnings on products such as cigarettes to discourage consumers from buying them.

Some governments in Canada have gone further. They have banned some products and made them unavailable to consumers.

Question 6

What things affect the identity of a person?

Answer 6

Trends, people around them and popular brands to fit in

Question 7

Legislation about Consumer Health and Safety

Answer 7

• Both Canada and the U.S. have product-labelling laws that require producers to list the ingredients in food and cosmetics.

• The U.S. has laws making airbags mandatory in cars,
along with seat belts. In 2007, Canada’s laws made only seat belts mandatory.

• In 2007, neither Canada nor the U.S. had legislation to limit trans fats in foods. Canada had considered it,
however. In 2004, Canada’s government established a
task force to investigate the issue, but decided to ask food companies to reduce trans fats voluntarily.

Question 8

How are jobs affected by consumers?

Answer 8

What we choose to buy can also affect who gets a job.
Such as buying a pen gives jobs to: plastic and metal wrokers to manufacturers to transportation workers to sales clerks and cashiers

Question 9

What is economic growth?

Answer 9

Economic growth is the degree to which a country’s wealth increases over a period of time, usually a year.

Question 10

Measures of economic growth include:

Answer 10

• How much profit a country’s economy makes from the goods and services it produces.
• How many people have jobs and are making an income.

Question 11

How do consumers affect the environment?

Answer 11

Your choices as a consumer also affect the air, water and land that you share with everybody.

Question 12

Canada and the U.S. have laws and programs related to consumer behaviour and the environment. For example:

Answer 12

• Both governments have banned leaded gasoline,
• Consumers shopping for new appliances in both Canada and the U.S. can identify energy-efficient options because of government programs that label these appliances.

Question 13

Both Canada and the
U.S. have legislation
that affects what
advertising can say and
can’t say. For example............

Answer 13

-advertising can’t make false or misleading claims about products and services.

-

Question 14

Which legislation do rule about advertisements come under?

Answer 14

Competition

Act.

Question 15

What does the competition act do?

Answer 15

The Competition Act aims to uphold competition among producers by ensuring fair business practices.

Question 16

In mixed and market economies, marketers create demand:

Answer 16

they encourage you to buy products even if you don’t need them.

Question 17

different types of advertisments:

Answer 17

Bandwagon Effect
Emotional Appeal
Glittering Generalities
Plain Folks Appeal
Testimonials
Scientific Appeal

Question 18

Bandwagon Effect

(ADVERTISMENTS)

Answer 18

• Encourages you to buy a product or service because everyone else is.

Question 19

Emotional Appeal

(ADVERTISMENTS)

Answer 19

• Uses strong emotional language that connects with your fears and desires.

Question 20

Emotional Appeal

(ADVERTISMENTS)

Answer 20

• Uses strong emotional language that connects with your fears and desires.

Question 21

Glittering Generalities

(ADVERTISMENTS)

Answer 21

• Relates the product or service to words or images that promise everything, but deliver little or nothing.

Question 22

Plain Folks Appeal

(ADVERTISMENTS)

Answer 22

• Relates a product or service to the experience of ordinary folks.

Question 23

Testimonials

(ADVERTISMENTS)

Answer 23

• Uses celebrities or experts to speak for a product.

Question 24

Scientific Appeal

(ADVERTISMENTS)

Answer 24

• Uses statistics or scientific data to persuade consumers to buy a product or service.

Question 25

What is boycott:?

Answer 25

a decision by consumers to stop buying a product or service as a way to bring about change

A boycott is a decision by a group of consumers not to buy certain products. Some people boycott products as a way to respond to issues.

Question 26

Many factors can influence consumer spending, including

Answer 26

how much money consumers

have to spend.

Question 27

Which economies do consumer spending play a major role in?

Answer 27

consumerism plays an important role in mixed and market economies.

Question 28

What does GDP measure?

Answer 28

GDP measures the amount of wealth a country’s economy generates.

So, GDP per capita is a way to estimate how well off
people are in a country.

Question 29

GDP stand for:

Answer 29

Gross Domestic Product (GDP)

per capita.

Question 30

GDP of the countries in North AMerica:

Answer 30

Canada $33 000
Mexico $12 500
U.S. $46 000

Question 31

Three types of boycotts:

Answer 31

Greenpeace called for consumers to boycott some oil and gas products. The boycott aimed to pressure oil and gas companies to reduce the impacts of their economic
activities on the environment — especially impacts linked to climate change.

Question 32

Three types of boycotts:

Answer 32

Greenpeace called for consumers to boycott some oil and gas products. The boycott aimed to pressure oil and gas companies to reduce the impacts of their economic activities on the environment — especially impacts linked to climate change.

Animal rights groups boycotted the products of
some cosmetic companies in 2007, because the
companies used animals to test their products.

Human rights activists renewed calls for a
boycott of companies with business links to
Myanmar (Burma), including some cell phone
companies. The activists hoped to pressure the
companies to leave Myanmar, which would in
turn pressure Myanmar’s government to change
its policies on human rights.

Question 33

What are the two boycotts in Canadian History?

Answer 33

• Les Patriotes: “No!” to British Products

- Boycott to Stop Logging on Lubicon Land

Question 34

Les Patriotes: “No!” to British

Products (BOYCOTT) info:

Answer 34

• Louis-Joseph Papineau organized Canadiens in Lower Canada to boycott British goods in 1837.
• A majority of people living in the British colony of Lower Canada at the time were Canadiens,
• Les Patriotes wanted Britain to make the system of government in the colony more democratic, so that Canadiens had more control over their own affairs.
• The boycott aimed to pressure Britain to make reforms
• led to the Rebellion of 1837. Britain suppressed the rebellion with military force.

Question 35

Boycott to Stop Logging on Lubicon Land

Answer 35

The boycott targeted the products of pulp-and-paper
giant Daishowa Ltd.

Boycott organizers persuaded businesses and consumers to stop buying Daishowa products.

The boycott pressured Daishowa to stop
logging land claimed by the Lubicon, until the Lubicon
and Canada’s government had come to an agreement.

In 2007, the Lubicon and Canada had still not come to an agreement — and Daishowa had still not logged the land.

Question 36

In 2006, how much did consumers spend?

Answer 36

more than $400 billion on products and services

Question 37

In the Us, how does consumer spending account in economic activity?

Answer 37

consumer spending accounts for 70 percent of economic activity

Question 38

What effects the economic growth in Canada and US?

Answer 38

Consumer spending affects economic growth in Canada and the U.S

Question 39

Why are the Canada and the US considered developed country and mexico a developing country?

Answer 39

Because of there GDP or economic growth

So, GDP per capita is
a way to estimate how well off
people are in a country.

Question 40

The term per capita means

Answer 40

“average per

person.”