Week 4

Question 0

Modular home

Answer 0

Home kits, cheaper, prefabricated buildings

Question 1

Kelley Blue Book

Answer 1

List of all the years cars- price, value, etc

Question 2

Mobile home

Answer 2

Permanent house trailer

Question 3

Ralph Nader

Answer 3

Consumer protection, humanitarian, environmentalism, and American political activist

Question 4

JFK

Answer 4

Introduced consumer bill of rights in 1962

Question 5

Lemon laws

Answer 5

American state laws that provide a remedy for purchasers of Lemons

Question 6

Energy star

Answer 6

Company that labels products to be energy efficient

Question 7

Nafta

Answer 7

Allows for easier trade between US, CAN, and MEX

Question 8

Small claims court

Answer 8

Right to be heard: dot need a lawyer

Question 9

Vin number

Answer 9

Vehicle identification number, helps with finding info about that car

Question 10

Multi family home

Answer 10

Rental property that holds more than one residential unit

Question 11

Duplex

Answer 11

2 dwelling units, usually rented- small

Question 12

Subsidies

Answer 12

A sum of money granted by govt to assist business with commodities or service

Question 13

Consumer movement

Answer 13

What people are buying and tithe prices, places, and products

Question 14

Caveat emptor

Answer 14

May the buyer beware

Question 15

Equal credit opportunity act

Answer 15

1974 act that says you can’t discriminate

Question 16

Sticker price

Answer 16

Never pay this except if ordering car

Question 17

Invoice price

Answer 17

After everything is finalized- aka delivery price

Question 18

Single family home

Answer 18

More expensive, what we live in

Question 19

Recall

Answer 19

To bring back a unsafe product

Question 20

Quota

Answer 20

Govt limit on quantity or value of certain imported items that tend to raise consumer pricesp

Question 21

Food and drug administration

Answer 21

Labeling for allergies ingredients etc

Question 22

Federal trade commission

Answer 22

Monitors advertising and prevents and acts upon false ads

Question 23

Federal Communications Commissio

Answer 23

Give licenses to tv stations and monitors what we see

Question 24

United States postal service

Answer 24

Monitors for mail fraud, not just deliver mail

Question 25

Consumer product safety commission

Answer 25

Recalls and bans unsafe products

Question 26

Interstate commerce commission

Answer 26

Monitors surface transportation and trade across state borders

Question 27

Security deposit

Answer 27

Money the landlord from the tenant other than advance payment of rent

Question 28

Foreclosure

Answer 28

When bank takes over your unpaid goods usually homes

Question 29

Pyramid schemes

Answer 29

Starts with one, a letter to 10 ask for money say they will et some, then those ten send a letter to ten more people

Question 30

Fair housing act

Answer 30

1968 equal housing opportunities or all

Question 31

Consumers bill of rights

Answer 31

JFK 1962

Question 32

The 3 economic roles you play in your lifetime?

Answer 32

Producer, consumer, and citizen