Match the Key Terns Listed in Column 1 to the Description

question 61

Multiple Choice

Match the key terns listed in Column 1 to the description in Column 2. Use each description only
-Price-gouging

• A)The covert substitution of low-quality counterfeit versions of brand-name consumer products.
• B)Consists of three calls beginning with the front
• C)Characterized by the use of the telephone to get consumers to send money to the promoter for worthless or overvalued products or services
• D)Deceptive advertisements that make false or misleading claims
• E)Used a telemarketing scheme to convince a public-school office manager to send him checks totaling $2 million for nothing
• F)Bid-rigging where consumers lose the benefits of competition
• G)Defined by the FTC as an alluring but insincere offer to sell a product or service which the advertiser does not intend or want to sell
• H)The practice of taking extraordinary advantages of consumers because of the bias of the law, monopoly of the market, or because of contrived or real shortages

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Definitions:

Full-employment GDP

Full-employment GDP is the maximum potential output an economy can produce when all resources, including labor, are fully utilized without causing inflation.

Capitalist Economy

A financial system where capital goods are owned by individuals or corporations, with investment choices, prices, production, and goods distribution primarily influenced by competition within a free market.

Automatic Stabilizer

Economic policies and programs, like unemployment benefits, that automatically adjust to counteract economic fluctuations without additional government action.

Unemployment Compensation

Government-provided financial assistance to individuals who are unemployed and meet certain eligibility requirements.