Question

1. At the federal level, the agency that typically enforces state consumer protection laws is the Attorney General's office.

   True

   False

1 points   

QUESTION 2

1. Tariffs and quotas do which of the following?

   	A.	Inflate Prices
   	B.	Reduce consumption
   	C.	Induce other countries to set up similar barriers
   	D.	All of the Above
   	E.	None of the above.

1 points   

QUESTION 3

1. Which of the following is a psychological want?

   	A.	Tactile sensations
   	B.	Assimilation
   	C.	Emergency motives
   	D.	Protection from the elements
   	E.	Play

1 points   

QUESTION 4

1. If parents are economic minors, they perpetuate problems.

   True

   False

1 points   

QUESTION 5

1. Which one of these habits is false?

   	A.	Habits can create negative demand.
   	B.	Habits may cause demand.
   	C.	Habits sometimes limit freedom.
   	D.	Habits never develop in childhood.
   	E.	Habits often persist over one's life.

1 points   

QUESTION 6

1. The Ignorant-Consumer Standard is a standard based on assumption that the law should protect even consumers who are ignorant, careless and wasteful.

   True

   False

1 points   

QUESTION 7

1. Which consumer right is being violated when the consumer perspective is not adequately represented in the formulation of government policies?

   	A.	The right to be informed
   	B.	The right to redress
   	C.	The right to be heard
   	D.	The right to choose
   	E.	The right to consumer education

1 points   

QUESTION 8

1. Diminishing utility is defined as:

   	A.	The principle holding that as more of a given product is consumed, per-unit satisfaction of the product declines.
   	B.	The principle holding that as more of a given product is consumer, per-unit satisfaction of the product increases.
   	C.	The principle holding that the more a given product is purchased and used, the greater the negative problems are experienced by the public.
   	D.	The principle holding that as less of a given product is consumed, per-unit satisfaction of the product increases.
   	E.	the principle holding that as less of a given product is consumed, per-unit satisfacction of the product declines.

1 points   

QUESTION 9

1. The pattern of consumer wants changes over longer periods.

   True

   False

1 points   

QUESTION 10

1. The general trend of money spent today by consumers has been toward the

   	A.	purchase of more durable goods, such as washing machines, instead of services.
   	B.	consumption of more and higher property insurance coverage.
   	C.	buying of more insurance to safeguard potential bankruptcies of financial institutions.
   	D.	consumption of more domestic manufactured products.
   	E.	purchase of separate goods, such as televisions, for each family member.

Answer 1