Flashcards
Econ vocab
Cards in this deck (25)
- 1Energy Guide Label AR 2yellow sticker, required by law, which allows a consumer to compare the yearly cost to operate an appliance
- 2Implied Warranty AR 3a warranty that is not written but is implied that a product sold functions as it intended
- 3Loss Lender AR 4a product or service sold at a substantial discount in order to generate additional sales
- 4Bundle Plan AR 1a pricing plany that combines two or more utilities that offers savings for the consumer (cable+internet+phone with same company)
- 5Predatory Practices/Lending AR 5when lenders conduct business in a way that are deceptive. They may use several fraudulent, deceptive, or discriminatory methods, to lure the consumer into practice that could lead to financial ruin
- 6Redress AR 6money or other benefits that a consumer receives as fair compensation for a company's mistake for remedy for wrong or loss
- 7Truth in Lending Act AR 7federal law that requires financial institutions to disclose specific information about terms and cost of credit, including the finance charge and the annual percentage rate
- 8Fair Credit Billing Act AR 8protect consumers from unfair billing practices and helps provide a procedure for addressing billing errors promotes the accuracy, fairness and privacy of information in people's file of consumer reporting agencies
- 92009 Credit Card Act AR 9aim to establish fair and clear information about your credit account
- 10Fair Credit Reporting AR 10consumer have the right to know what information is in their credit report and to correct any errors. Was designed to promote accuracy and ensure privacy of consumer information in consumer credit report
- 11Consumer Advocate AR 11the actions taken by individuals or groups to promote and protect the interests of the buying public
- 12Department of Energy AR 12a cabinet level department of the United States government concerned with the United States' policies regarding energy and safety in handling nuclear
- 13Environmental Protection Ag Agency AR 13and agency that protects human health and the environment
- 14Fair Labor Standards Act AR 14established minimum wage, overtime pay, record keeping, and youth employment standard affecting employees in the private sector and in the Federal, state and local governments
- 15Occupational Safety and Health Administration(OSHA) AR 15a group that helps ensure and healthful working conditions for workers by setting and enforcing standards and provide training, outreach, education, and assistance
- 16Ponzi Scheme AR 16form of fraud in which belief in the success of a nonexistent enterprise is fostered payment for quick returns to the first investors from money invested y later investors
- 17Product Replacement AR 17a practice in which manufactures of goods or providers of a service gain exposure for their products by paying for them to be featured in movies or tv programs
- 18Pyramid Scheme AR 18a form of illegal investments in which each paying participant recruits two further participants, with returns of being given to early participants using money contributed by later ones
- 19Regulatory Compliance AR 19when a business follows state, federal and international laws and regulate relevant to its operations
- 20Rental Agreement AR 20a written contract between the owner of a property and the tenant who takes it on the rent
- 21Renter/Tenant AR 21a person who occupies land or property rented from a landlord
- 22Resale Shop AR 22the phrase most often used for stores that buy their merchandise outright form individual owners
- 23Security Deposit AR 23amount of money that a renter pays when beginning to rent a property
- 24Supply and Demand AR 24the relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy
- 25Trademark AR 25a symbol, word, or words legally registered or established by use as representing a company or product
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- 11th grade Economics Flashcards on Econ vocab, created by Adrienne Roper on 29/03/2021.
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- Adrienne Roper
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