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30 Cards in this Set
- Front
- Back
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A proposition, that states that as a family's income rises, the proportion spent on food falls.
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Engel's Law
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Nutrient standards established by he National Academy of Sciences and expressed as recommended dietary allowances (RDA's) or estimated aveage requirements (EARs).
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Dietary reference intakes (DRIs
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A condensed system of nutrient standards that indicate the maximum amount of each nutrient needed for four broad categories of the population.
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U.S. Recommended Daily Allowances (U.S. RDAs)
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Cancer causing.
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Carcinogenic
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Low-calorie or reduced-calorie food, or food intended for a special dietary purpose-for example, for low-sodium diets.
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Dietetic Foods
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Products that have a useful life of less than three years.
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Nondurable Goods
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The service that a product will yield over its expected life.
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Service flow
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Goods that typically last three or more years.
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Durable Goods
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A label that shows the expected energy costs of operating an appliance for a year; required by law for many consumer durables.
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Energy Guide Label
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A voluntary labeling program initiated by the environmental Protection Agency to identify and promote energy-efficient products and thereby reduce greenhouse gas emissions.
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Energy Star Program
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The costs that society bears for an action. For example, the ? costs of driving a car include any pollution or congestion caused by that automobile.
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Social Costs
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The costs that are incurred by an individual and on one else. The privgate costs of driving a car, for example, include depreciation, gas, and insurance.
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Private Costs
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Offering an artificially high value for a product that is traded in and then inflating the price of the product that is sold.
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High-Balling
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Offering to sell a product at a low price in a telephone conversation and then increasing the price when the consumer visits the firm to purchase the product.
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Low-Balling
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Adding unordered accessories to a product to increase its price.
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Bushing
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the stated value of a new car that is leased.
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Gross Capitalized Cost (GCC)
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The predicted value a car will have at the end of a lease agreement.
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Residual Value
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A claim placed on the property of another as security for some debt or charge.
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Lien
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requires every lender to disclose the total finance charge and actual annual interest rate to be paid.
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Truth in Lending Act of 1968
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who offers the most beneficial rates on automobile loans.
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credit unions
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who is the second most common source of automobile financing after auto dealers.
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Banks
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Something of value that is to be insured.
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Insurable Interest
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An insurer's understanding of the risk of insuring a particular object or condition.
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Insurable Risk
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The services of doctors and/or hospitals that do not require the individual to remain as a registered patient in the hospital.
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Outpatient Services
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Services rendered to an individual by doctors and/or hospital staff while the patient remains in the hospital for at least one night.
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Inpatient Services
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A type of insurance plan in which members pay a flat fee in return for all medical services, provided they are administered by participating doctors and hospitals.
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Health Maintenance Organization (HMO)
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A type of insurance plan similar to an HMO but more flexible. In a ? members are allowed to choose the services of non-? medical providers in return for a higher co-payment or deductible.
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Preferred Provider Organization (PPO)
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A plan for medical care in which providers are given a specific amount of money for each patient regardless of what treatment is provided.
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Capitation
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A doctor who has a family practice rater than a specialized practice.
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General Practitioner (GP)
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Medical procedures carried out with the intention of preventing people from becoming ill.
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Preventive Medicine
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