Name:     ID: 
 
Email: 

Social Science Consumer Economics Final Comprehensive Examination

True/False
Indicate whether the statement is true or false.
 

 1. 

Saviing in a way that earns income is called investing
 

 2. 

Inesting in just one buisness with a low level of risk is called diversigication.
 

 3. 

If you invest carefully, you don’t have t take risks.
 

 4. 

Many people invest in ways that are consistent with their values.
 

 5. 

The amount of your return on stock you own depends on how much profit the corporation makes and how much  stock you own.
 

 6. 

Few people can pay for a home without borrowing.
 

 7. 

ATM machines enable you to receive a cash advance and add it to your credit card bill
 

 8. 

On a revolving charge account, the slower your reduce the balance, the less interest you will pay overall.
 

 9. 

Interest on an unsecured laon is usually lower than on a secured loan.
 

 10. 

The Fair Credit Reporting Act of 1971 gave consumers a way to check thieir credit reports.
 

 11. 

Recent surveys show that very few American teenagers think they weigh too much.
 

 12. 

One way to eliminate the danger of too much cholesterol is to bombard food with microscopic amounts of radiation.
 

 13. 

It is not easy to do economical grocery shopping when you are hungry.
 

 14. 

Successful grocery shopping is easier if the shopper avoids making a list of needs before going shopping.
 

 15. 

The expiration date or manufacturing date does not need to be clearly placed on a product.
 

 16. 

More than two-thirds of new card driven in the United State tody are leased.
 

 17. 

Your car owner’s manual tells you how to operate controls and care for your car.
 

 18. 

When making an offer on a new car, it is financially better for the buyer to stay close to the invoice price.
 

 19. 

Renting provies more mobility and freedom from responsibility than owing a home.
 

 20. 

Insurance limits the possible amount of financial losses.
 

 21. 

If preferable that you call the police to investigare any accident in which tou are involved.
 

 22. 

Group insurance is less experience to administer per person because of the large number of people in the plan.
 

 23. 

Tfhe WIC program provides nutrition eduction and food for women and young children
 

 24. 

Tehe defendant pays for the services of the public defender.
 

 25. 

NAFTA requires that tariffs on most goods produced and sold in North America be gradually increased.
 



 
         Start Over