Chapter 23 Test Review

The right to choose as a consumer provides that you have a right to receive accurate information.

• True

• False

Because the United States has a market economy, its consumers can choose from a wide variety of goods and  services.

• True

• False

Before making a major purchase, the consumer should be informed by the salesperson of the facts about how  the product is rated on safety, performance, and value.

• True

• False

As the population grows, the demand for resources increases.

• True

• False

When ingredients are listed on a label, it is an example of the right of a consumer to

• be informed

• choose

• safety

• be heard

Competition ensures that consumers have

• set prices

• resources

• access to all products

• a choice

Product liability means

• a product must be environmentally correct.

• manufacturers can decide what to charge for a product.

• manufacturers have a legal responsibility to make a safe product.

• brand-name items offer more protection for consumers.

Which statement is most true?

• Consumers have few, if any, rights.

• Consumers get no help from government.

• Consumers have many rights.

• Consumers must research products before they have a right to complain.

Which statement is false?

• Consumers have a right to receive a replacement if they do not like a product.

• Consumers have a right to products that are safe to use.

• Consumers have a right to be told about a product.

• Consumers have a right to choose.

Which U.S. government agency prepares a fact sheet that tells how a product is rated for safety, performance,  and value?

• the Department of Homeland Security

• the Department of Labor

• the Food and Drug Administration

• the Consumer Product Safety Commission