<p>Name </p><p>Chapters 22-24 Review</p><p>1. How does the federal government keep businesses competitive so you have a variety of goods and services from which to choose? FTC prohibits monopolies</p><p>2. Could different stores charge different prices for the same item? Yes</p><p>3. What does the Better Business Bureau do? Do they recommend one company over another? Nonprofit organization that collects info on local businesses, handles complaints, shares info about problems, and distributes consumer publications. No they won’t recommend one company over another.</p><p>4. What’s the word for “a person who selects, purchases, uses, and disposes of goods and services”? consumer</p><p>5. When could you save money on buying a computer or car. Just before the new models come out.</p><p>6. What type of sale gives you a special buy on a new product? Promotional sale</p><p>7. What is impulse buying and what can it do to your budget? Buying things you don’t need, can ruin your budget. Wait three days!</p><p>8. Which right does “listing ingredients” fall under? Right to be informed</p><p>9. In what order are ingredients listed? quantity</p><p>10. What is bait and switch? Is it legal? Store claims it’s out of an advertised item and tries t get you to buy a more expensive one. It’s illegal</p><p>11. What is a loss leader? Is it legal? Price lower than cost to lure customers to the store. Yes, it’s legal.</p><p>12. What type of information is in a nutrition label? How much fat a product contains. Calories Carbs Contains milk, nuts, soy</p><p>13. What’s the name of the group in Pueblo, Colorado that provides consumer publications? Consumer Information Center</p><p>14. Why do states issue licenses for certain occupations? To prevent people from practicing occupations they’re not qualified to do Name </p><p>15. What organization orders “recalls” for cars? When the National Highway Traffic Safety Administration</p><p>16. What is a recall? Administration orders automakers to take back and repair or replace cars with defective parts.</p><p>17. Is “Right to discount” a consumer right? No</p><p>18. List the seven consumer rights Right to choose Right to be heard Right to be informed Right to safety Right to have problems corrected Right to consumer education Right to service</p><p>19. List the six consumer responsibilities Be informed Choose carefully Use products safely Speak out, Boycott Seek Remedy Learn consumer skills</p>