HACE 2100: Test 1
35 Cards in this Set
| Front | Back |
|---|---|
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FDA
|
Food and Drug administration
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CPSC
|
Consumer Product Safety Commision
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FDIC
|
Federal Deposit Insurance Corp.
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USDA
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U.S. Dept. of Agr.
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SEC
|
Securities and Exchange Commission
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CCC
|
Civilian Conservation Corps.
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FCIC
|
Federal Corp Insurance Corporation
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Teddy Roosevelt
|
1901-1909
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FDR
|
1933-1945
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JKF
|
1961-1963
|
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Real GDP
|
adjusted to inflation
|
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Quantity Supplied
|
movement ALONG the supply curve
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Quantity demanded
|
movement ALONG dem. curve
|
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Law of Supply
|
rule stating that the price and quantity supplied move in the same direction.
|
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Law of Demand
|
if nothing else changes, and prices drop, demand goes up.
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Giffen Good
|
a good for which demand increases as price increases.
|
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consumer sovereignty
|
consumer's wishes determine what's produced
|
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Adam Smith
|
Wrote Wealth of Nations in 1776
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Ralph Nader
|
"Unsafe at any speed" book. Car safety advocate.
|
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Esther Peterson
|
Women workers rights "equal pay for equal work."
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Consumption process
|
Awareness
Thinking
Planning
Implementing
Evaluating
|
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Legislature set max hours for kids labor 55 hrs.
|
1906
|
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Fair labor standards act
|
1938
|
|
first state child labor law
|
1836
|
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Wholesome meat act
|
1967
|
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First Woman to run for president
|
Victoria Woodhull 1872
|
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MA requires kids to go to school
|
1852
|
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Harvey Wiley
|
Poison squad
|
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Fair Credit Billing Act
|
1974
|
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John Maynard Keynes
|
"General Theory of Employment"
|
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Consumers are.....
|
Rational and acquisitive
|
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ABC Model
|
Affective response, Behavioral Intention, Cognitive Response.
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Caveat Emptor
|
Warning to consumers that product is "as is"
|
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Lucy Stone
|
First woman to grad college in MA
|
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Elizabeth Cady
|
did not say "obey" in marriage vows
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HACE 2100: Exam # 3