Resources for producing the products to satisfy these wants are unlimited
What is Scarcity?
100
An illegal sales technique in which a seller advertises a product with the intention of persuading consumers to buy a more expensive product
What is bait and switch?
100
Protection against products that are hazardous to life or health
What is The Right to Safety?
100
Requires that food be safe, pure, and wholesome; that drugs and medical devices be safe and effective; and the cosmetics are safe
What is The Food, Drug, and Cosmetic Act?
100
FDA
What is Food and Drug Administration
200
A market with many buyers but only one seller
What is Monopoly?
200
A merchant advertises a big sale but keeps the items at regular price or makes the price tags look like a price reduction when there is actually none
What is fake sale?
200
Assurance of representation of consumer interest in formulating government policy and of fair and prompt treatment in enforcement of laws
What is The Right to Be Heard?
200
Requires that warning labels appear on all household products that are potentially dangerous to the consumer
What is Hazardous Substances Labeling Act?
200
USDA
What is United States Department of Agriculture?
300
Rivalry among sellers in the same market to win customers
What is Competition?
300
Stealing personal information, such as credit card numbers, Social Security numbers, to gain access to a person's finances, often to make purchases with credit
What is Identity Theft?
300
Protection against fraudulent, deceitful, or grossly misleading practices and assurance of receiving facts necessary to make informed choices
What is The Right to Be Informed?
300
Enabled the Consumer Product Safety Commission to set flammability standards for clothing, children's sleepwear, and carpet rugs, and mattresses
What is Flammable Fabrics Act?
300
FTC
What is Federal Trade Commission?
400
The quantity of goods and services that producers are willing and able to provide at various prices
What is Supply?
400
A lengthy paid TV advertisement that includes testimonials, product demonstrations, and presentation of product features
What is infomercial?
400
Patients have the right to receive accurate, easily understood information to make informed health care decisions
What is Information Disclosure?
400
Bans the sale of toys and children's articles that contain hazardous substances or pose electrical, mechanical, or thermal dangers
What is Child Protection and Toy Safety Act?
400
USPIS
What is United States Postal Inspection Service?
500
The manufacturers or markers of goods and services for sale
What are Producers?
500
Method used by experienced con artist to convince vulnerable people to invest in phony investments, swampland real estate, or other swindles.
What is Pigeon Drop?
500
Consumers have the right to have the confidentiality of their individually identifiable health care information protected.
What is Confidentiality?
500
Requires poultry to be inspected for harmful contaminants