Deception and Fraud/Ch. 2 & 3 Jeopardy Protecting Consumer Rights Deception and Fraud/Ch. 2 & 3 Safeguarding Your Privacy The Power Of Consumers Q $100 Q $100 Q $100 Q $100 Q $200 Q $200 Q $200 Q $200 Q $300 Q $300 Q $300 Q $300 Q $400 Q $400 Q $400 Q $400 Q $500 Q $500 Q $500 Q $500 Final Jeopardy

Deception and Fraud/Ch. 2 & 3 Jeopardy Protecting Consumer Rights Safeguarding Your Privacy The Power Of Consumers Deception and Fraud/Ch. 2 & 3 Q $100 Q $100 Q $100 Q $100 Q $200 Q $200 Q $200 Q $200 Q $300 Q $300 Q $300 Q $300 Q $400 Q $400 Q $400 Q $400 Q $500 Q $500 Q $500 Q $500 Final Jeopardy

$100 Question from Power of Consumers True or False: A consumer is someone who pays for goods and services.

$100 Answer Power of Consumers False: A consumer is someone who USES goods and services

$200 Question from Power of Consumers Give an example of a good and a service.

$200 Answer from Power of Consumers Good: anything tangible (cookies, desk, pencil, etc.) Service: actions performed (giving a haircut, fixing a car, teaching a class, etc.)

$300 Question from Power of Consumers What are your 3 economic roles?

$300 Answer from Power of Consumer 2. Worker 3. Citizen

$400 Question from Power of Consumers What is a retailer AND what is the largest retailer in the US?.

$400 Answer from Power of Consumers Retailers are those who sell goods and services directly to the consumer; Walmart

$500 Question from Power of Consumers What are 3 of the 5 characteristics of effective consumers?

$500 Answer from Power of Consumers 1. Set goals 2. Think critically 3. Do their research 4. Manage everyday finances 5. Plan for financial security

$100 Question from Protecting Consumers’ Rights What is an advocate?.

$100 Answer from Protecting Consumers’ Rights Someone who works on behalf of someone else

$200 Question from Protecting Consumers’ Rights What was the name of the book Upton Sinclair wrote about the filthy conditions of the meat packing plants?

$200 Answer from Protecting Consumers’ Rights The Jungle

$300 Question from Protecting Consumers’ Rights What does redress mean?

$300 Answer from Protecting Consumers’ Rights Remedy for a wrong or a loss

$400 Question from Protecting Consumers’ Rights What federal agency enforces laws against dishonest advertising and protects consumer rights in the areas of credit transactions, product labeling, and privacy?

$400 Answer from Protecting Consumers’ Rights Federal Trade Commission (FTC)

$500 Question from Protecting Consumers’ Rights What are 5 of the 7 consumer rights?

$500 Answer from Protecting Consumers’ Rights Right to: Safety Be informed Choose Be heard Redress Consumer Education Service

$100 Question from Safeguarding Your Privacy How many numbers make up your Social Security number?

$100 Answer from Safeguarding Your Privacy 9 Xxx-xx-xxxx

$200 Question from Safeguarding Your Privacy What is the illegal use of an individual’s personal information called?

$200 Answer from Safeguarding Your Privacy Identity theft

$300 Question from Safeguarding Your Privacy How do cookies on a computer work?

$300 Answer from Safeguarding Your Privacy Small files on computer’s hard drive that remember information about you when you visit a site

$400 Question from Safeguarding Your Privacy How does Amazon.com use online profiling?.

$400 Answer from Social Studies They store cookies about the items you purchase/browse for and use that information to make personal recommendations the next time you visit the site.

$500 Question from Safeguarding Your Privacy What are the 3 major credit reporting agencies?

$500 Answer from Safeguarding Your Privacy Equifax Experian TransUnion

$100 Question from Deception and Fraud/Ch. 2 & 3 What is advertising that is likely to mislead consumers through false statements, omitted information, or other unfair means called?

$100 Answer from Deception and Fraud/Ch. 2 & 3 Deceptive advertising

$200 Question from Deception and Fraud/Ch. 2 & 3 What is bait and switch?

$200 Answer from Deception and Fraud/Ch. 2 & 3 If a retailer advertises a product that it has no intention of selling, hoping to persuade customers to buy another product at a higher price

$300 Question from Deception and Fraud/Ch. 2 & 3 Explain how a pyramid scheme works.

$300 Answer from Deception and Fraud/Ch. 2 & 3 Each person who participates pays a sum of money to join, then recruits several other people. Supposedly, each participant will eventually receive money from people who join later.

$400 Question from Deception and Fraud/Ch. 2 & 3 What are ethics AND why are they grey?

$400 Answer from Deception and Fraud/Ch. 2 & 3 Guidelines for human behavior based on principles about what is right and wrong; every society has different principles that define what is good and right

$500 Question from Deception and Fraud/Ch. 2 & 3 What are 3 examples of wants and 3 examples of needs?

$500 Answer from Deception and Fraud/Ch. 2 & 3 Wants: TV, iPod, car Needs: food, water, oxygen

Final Jeopardy You have $20 and decide to use it to go to the movies instead of out to dinner. What resource is scarce in this scenario? What is the opportunity cost?

Final Jeopardy Answer The money is scarce (only $20). The opportunity cost of going to the movies is giving up going to dinner.