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