ECONOMICS UNIT 2

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Author:
raragon972
ID:
168130
Filename:
ECONOMICS UNIT 2
Updated:
2012-08-30 11:17:30
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ECONOMICS UNIT
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VOCABULARY WORDS
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  1. BETTER BUSINESS BUREAU
    THE PRIMARY PURPOSE OF THE BUREAUS IS TO PROMOTE HONEST ADVERTISING AND ETHICAL BUSINESS PRACTICES.
  2. NECCESSITIES
    A GOOD OR SERVICE THAT WE CANNOT DO WITHOUT
  3. BRAND NAME
    SLICK ADVERTISING SLOGANS THAT POP INTO OUR MINDS AS WE REACH FOR A PRODUCT
  4. STOCK
    A SHARE IN THE OWNERSHIP OF A CORPORATION.
  5. APR ( ANNUAL PERCENTAGE RATE)
    THE PERCENTAGE COST OF CREDIT ON A YEARLY BASIS
  6. VARIABLE EXPENSES
    ONE THAT MAYBE INCREASED OR DIMINISED AND THAT IS NOT NECESSARY
  7. BENEFICIARY
    AN INDIVIDUAL NAMED IN AN INSURANCE POLICY TO RECEIVE INSURANCE BENEFITS
  8. TRUTH- IN LENDING ACT
    THIS FEDERAL LAW REQUIRES THE LENDER TO TELL THE BORROWER EXACTLY HOW MUCH IT WILL COST TO BORROW, INCLUDING ALL EXTRA CHARGES.
  9. LUXURIES
    A DESIRED GOOD OR SERVICE THAT IS NOT NECESSARY.
  10. CONSUMER
    A PERSON WHO BUYS OR USES GOODS OR SERVICES
  11. PACKAGING
    A MARKETING TECHNIQUE TO INCREASE SALES OF A PRODUCT BY GIVING THE PRODUCT A COLOR, SHAPE, OR DESIGN THAT APPEALS TO CONSUMERS
  12. GENERIC NAME(DRUG)
    A DRUG IDENTIFIED BY ITS CHEMICAL INGREDIENTS RATHER THAN BY A BRAND NAME
  13. HEALTH INSURANCE
    PROTECTION TO HELP PAY FOR HOSPITAL, MEDICAL , AND DRUG COSTS.
  14. TRUTH- IN PACKAGING & LABELING ACT
    REQUIRED THAT PACKAGES OF MOST PRODUCTS BE CLEARLY LABELED
  15. KEEPING UP WITH THE JONESES
    BUYING THINGS SO AS TO APPEAR TO BE ON THE SAME ECONOMIC AND SOCIAL LEVEL OF ONE'S FRIENDS AND NEIGHBORS.
  16. BUDGET
    A PLAN FOR DEALING WITH FUTURE INCOME AND EXPENSES.
  17. LEMON LAWS
    LEGISLATION DESIGNED  TO PROTECT CONSUMERS  FROM UNKNOWINGLY BUYING A DEFECTIVE VEHICLE.

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