Consumer Education and Economics: Student Text

by Lowe, Ross E.; Malouf, Charles A.; Jacobson, Annette R.

• ISBN13: 9780026372237
• ISBN10: 0026372231
• Edition: 4th
• Format: Hardcover
• Copyright: 1997-06-01
• Publisher: Glencoe/McGraw-Hill School Pub Co

Table of Contents

To the Student	xiv
UNIT 1 You in the Economy	1	(72)
Consumers and the Economy	3	(16)
Our Economic Roles	4	(1)
Consumer Rights and Responsibilities	5	(2)
Consumer Protection	7	(4)
The Consumer Movement	11	(5)
Review	16	(3)
People Making a Difference: Recreation Rebuilds a Community	11	(2)
Consumer News Clip---Approved Medications Are Being Widely Prescribed for Unapproved Uses	13	(6)
Our Market System	19	(16)
The Economy Is All Around Us	20	(1)
How Economic Systems Work	20	(1)
The Four Types of Economic Systems	21	(1)
Characteristics of the American Economy	22	(3)
The Ups and Downs of Business	25	(2)
Measuring the Economy	27	(5)
Review	32	(3)
People Making a Difference: Charity With Love	25	(3)
Careers in Focus---David Wyss, Director of Research	28	(7)
Government's Role	35	(20)
What Government Does	36	(2)
Where Government Gets Its Money	38	(2)
Types of Taxes	40	(2)
How Government Spends	42	(2)
Tax Reform	44	(1)
Taxes and Your First Job	45	(2)
Your Tax Return	47	(5)
Review	52	(3)
People Making a Difference: Rising Like a Phoenix	43	(5)
Consumer News Clip---A Brief History of Taxes	48	(7)
Global Economics	55	(18)
Why Do Nations Trade?	56	(1)
Effects of International Trade	57	(2)
Negative Effects	59	(1)
Limiting Imports	60	(2)
International Finance	62	(4)
The Impact of Telecommunications	66	(2)
Review	68	(5)
People Making a Difference: A Flame in Barbed Wire	63	(2)
Consumer News Clip---Internships Overseas	65	(5)
You and Your Community	70	(3)
UNIT 2 Money Management: Earning and Spending	73	(66)
Choosing a Career	75	(18)
Career Planning	76	(2)
Researching Careers	78	(3)
Job Hunting	81	(3)
Employee Rights and Responsibilities	84	(2)
Entrepreneurship	86	(4)
Review	90	(3)
People Making a Difference: Locally Grown	85	(2)
Careers in Focus---Gary Wong, Entrepreneur	87	(6)
Budgeting Your Money	93	(14)
Developing a Budget	94	(3)
Keeping Financial Records	97	(1)
Revising a Budget	98	(4)
Budgeting Problems	102	(1)
Taking an Annual Inventory	102	(2)
Review	104	(3)
People Making a Difference: Safeguarding Public Health	101
Consumer News Clip---Newlyweds Need to Agree on Money Matters	100	(7)
Spending Money Wisely	107	(16)
Influences on Consumer Spending	108	(2)
Deciding What to Buy	110	(4)
Places to Shop	114	(4)
When to Buy	118	(2)
Review	120	(3)
People Making a Difference: Painting and Healing	115	(2)
Consumer News Clip---Kids and Their Cash	117	(6)
Consumer Problems and Their Solutions	123	(16)
Defining Consumer Problems	124	(1)
Problems with Deception and Fraud	124	(1)
Deceptive Practices	125	(2)
Fraudulent Practices	127	(3)
Registering a Complaint	130	(1)
Legal Action	130	(4)
Review	134	(5)
People Making a Difference: More Money in Business	129	(2)
Consumer News Clip---You Need Our Tips on How Not to Overpay	131	(5)
You and Your Community	136	(3)
UNIT 3 Money Management: Saving and Investing	139	(50)
Planning a Savings Program	141	(16)
Reasons for Saving	142	(1)
Savings as Investment	143	(2)
Techniques for Building Savings	145	(1)
Savings Institutions	146	(4)
Alternative Forms of Saving	150	(4)
Review	154	(3)
People Making a Difference: Young People Become Stars	149	(2)
Consumer News Clip---Couple Wonder Where Cash Flows	151	(6)
Using Financial Services	157	(16)
Savings Accounts	158	(1)
Checking Accounts	159	(7)
Other Payment Methods	166	(1)
Banking Electronically	166	(4)
Review	170	(3)
People Making a Difference: Magic Playgrounds	165	(2)
Consumer News Clip---How to Go About Choosing a Financial Planner	167	(6)
Making Investments	173	(16)
Investment Strategy	174	(1)
Types of Securities	175	(3)
How to Invest	178	(6)
Review	184	(5)
People Making a Difference: Working at Rehabilitation	179	(2)
Careers in Focus---Margaret Lofaro, Certified Financial Planner	181	(5)
You and Your Community	186	(3)
UNIT 4 Types of Credit	189	(54)
Commercial and Consumer Credit	191	(12)
Meaning of Credit	192	(1)
Beginnings of Credit	193	(1)
Commercial Credit	193	(1)
Consumer Credit	193	(7)
Review	200	(3)
People Making a Difference: Super Bowl Hero	195	(2)
Careers in Focus---Charlotte Rush, Vice President, Public Affairs	197	(6)
Consumer Credit Problems	203	(12)
Credit and the Economy	204	(1)
Business Costs	204	(2)
Credit and the Consumer	206	(2)
Credit Illegalities	208	(4)
Review	212	(3)
People Making a Difference: Surgeon in a War Zone	205	(4)
Consumer News Clip---Credit Problems: Who's at Risk?	209	(6)
Charge Accounts	215	(14)
Advantages and Disadvantages of Charge Accounts	216	(2)
Types of Charge Accounts	218	(2)
The Security Agreement	220	(2)
The Monthly Statement	222	(1)
Fair Credit Billing Act	222	(4)
Review	226	(3)
People Making a Difference: Escape from Tyranny	221	(2)
Consumer News Clip---No Checks. No Cash. No Fuss?	223	(6)
Installment Credit	229	(14)
Installment Versus Open-end Credit	230	(1)
Installment Credit Characteristics	230	(2)
Installment Credit Problems	232	(4)
Extent of Installment Debt	236	(2)
Review	238	(5)
People Making a Difference: Earthquake Relief	231	(4)
Consumer News Clip---Finance Firms 101: Lenders Can Offer a Credit Cure	235	(5)
You and Your Community	240	(3)
UNIT 5 Getting and Keeping Credit	243	(32)
Evaluating Credit Terms and Establishing Credit	245	(16)
Regulation of Lending	246	(2)
Getting Credit	248	(3)
The Credit Bureau	251	(1)
Credit Reporting Problems	252	(4)
Consumer Credit Rights	256	(2)
Review	258	(3)
People Making a Difference: Hometown Boy	251	(2)
Careers in Focus---Elizabeth Arguello, Financial Services Officer, Union Bank	253	(8)
Borrowing Money	261	(14)
When to Borrow Cash	262	(1)
Savings Institutions as Sources of Loans	262	(2)
Other Sources of Loans	264	(6)
Review	270	(5)
People Making a Difference: Starting a Game Train	265	(2)
Consumer News Clip---Home Equity Loans Back in Fashion	267	(5)
Lab You and Your Community	272	(3)
UNIT 6 Insurance	275	(74)
Property and Home Insurance	277	(16)
How Insurance Works	278	(1)
Purchase Considerations	279	(3)
Types of Risk	282	(1)
Property Insurance	283	(7)
Review	290	(3)
People Making a Difference: Stopping a Dam	285	(2)
Careers in Focus---Jim Owens, Field Adjuster	287	(6)
Automobile Insurance	293	(18)
Reasons for Automobile Insurance	294	(1)
Kinds of Coverage	295	(5)
Other Types of Coverages	300	(1)
Automobile Insurance Rates	301	(5)
Alternative Insurance Systems	306	(2)
Review	308	(3)
People Making a Difference: The Light of Dreams	303	(2)
Consumer News Clip---Study Cites Excess Car Injury Claims	305	(6)
Life and Health Insurance	311	(22)
Life and Health Insurance	312	(1)
Kinds of Life Insurance	312	(3)
Policy Features and Provisions	315	(2)
Purchase Considerations	317	(2)
Medical Care Costs	319	(1)
Kinds of Health Insurance Coverage	320	(2)
Government Health Insurance Programs	322	(2)
Private Health Insurance Options	324	(6)
Review	330	(3)
People Making a Difference: Going Down Fighting	325	(2)
Careers in Focus---Ted Todd, Life Insurance Agent	327	(6)
Income Insurance	333	(16)
Social Security Program	334	(1)
How Social Security Works	335	(5)
Federal and State Unemployment Insurance	340	(1)
Private Income Insurance Programs	340	(4)
Review	344	(5)
People Making a Difference: Grief and Gun Laws	339	(2)
Consumer News Clip---Uncovering the Facts Behind Disability Coverage	341	(5)
Lab You and Your Community	346	(3)
UNIT 7 Transportation and Travel	349	(46)
Buying or Leasing a New or Used Car	351	(16)
Car Ownership	352	(3)
Making the Best Deal on a New Car	355	(2)
Buying a Used Car	357	(7)
Review	364	(3)
People Making a Difference: Fame, Fortune, and Charity	359	(2)
Consumer News Clip---Smart's the Word in Detroit	361	(6)
Owning a Car	367	(12)
Ownership Means Responsibility	368	(1)
Financing Arrangement	368	(2)
Maintaining Your Car	370	(4)
Smart Driving	374	(2)
Review	376	(3)
People Making a Difference: Advocates for Boating Safety	371	(2)
Careers in Focus---Csaba Csere, Editor-in-Chief, Car and Driver	373	(6)
Choosing Other Forms of Transportation	379	(16)
Using Mass Transit to Get Around	380	(2)
Traveling for Pleasure	382	(8)
Review	390	(5)
People Making a Difference: Getting Seniors and Infants Together	385	(2)
Consumer News Clip---Drive? No Way---Not This Biker	387	(5)
Lab You and Your Community	392	(3)
UNIT 8 Buying Clothing	395	(30)
Planning a Wardrobe	397	(12)
Assessing Your Wardrobe	398	(1)
Taking An Inventory	399	(3)
Updating Your Wardrobe	402	(2)
Making New Purchases	404	(2)
Review	406	(3)
People Making a Difference: Granting a College Dream	401	(2)
Consumer News Clip---Dressing for Courtroom Success	403	(6)
Shopping for Clothes	409	(16)
What to Look For	410	(4)
Fibers, Fabrics, and Finishes	414	(2)
Labels	416	(2)
Shopping Problems	418	(2)
Review	420	(5)
People Making a Difference: Teaching Many Ways to Dance	415	(2)
Careers in Focus---Susan Barber, Personal Touch	417	(5)
You and Your Community	422	(3)
UNIT 9 Buying Food, Medicines, and Cosmetics	425	(46)
Fundamentals of Good Nutrition	427	(14)
The Importance of Good Nutrition	428	(2)
Common Deficiencies in Teens	430	(1)
Planning a Healthy Diet	431	(5)
Eating Disorders and Substance Abuse	436	(2)
Review	438	(3)
People Making a Difference: Low-tech Processing Equals Lots of Food	433	(2)
Careers in Focus---Carolyn Katzin, Nutritionist and Health Educator	435	(6)
Smart Shopping Techniques	441	(16)
Getting the Most for Your Time and Money	442	(1)
Going to Market	442	(1)
Planning Your Purchases	442	(1)
Using Consumer Information	443	(3)
Making Food Choices	446	(3)
Taking Care of Your Purchases	449	(1)
Tackling Food Buying Problems	450	(4)
Review	454	(3)
People Making a Difference: A Reason to Give Thanks	449	(2)
Consumer News Clip---Caution is Key to Clean Food	451	(6)
Drugs and Cosmetics	457	(14)
Distinguishing Drugs and Cosmetics	458	(1)
Purchasing Medicines	458	(3)
Purchasing Cosmetics	461	(1)
Purchasing Cosmetics That Are Considered Drugs	462	(4)
Review	466	(5)
People Making a Difference: Drug War Victory	461	(2)
Consumer News Clip---Shopping for Makeup Just Got Easier	463	(5)
You and Your Community	468	(3)
UNIT 10 Selecting Housing	471	(48)
Renting an Apartment	473	(14)
Why Rent?	474	(1)
Defining Your Housing Needs and Budget	475	(1)
Selecting an Apartment	476	(2)
Signing the Lease	478	(2)
Moving	480	(4)
Review	484	(3)
People Making a Difference: Green Thumb in Harlem	477	(4)
Careers in Focus---Geri Daly, Realtor, The Prudential Preferred Properties	481	(6)
Buying a House	487	(18)
Advantages of Home Ownership	488	(2)
Financing a Home	490	(2)
Purchasing a Home	492	(10)
Review	502	(3)
People Making a Difference: Making Slumlords Pay	497	(2)
Belated Sticker Shock	499	(6)
Furnishing a Home	505	(14)
Selecting Furniture	506	(3)
Selecting Appliances	509	(5)
Review	514	(5)
People Making a Difference: Building a Dream Home	509	(2)
Consumer News Clip---Simple Solutions: How to Buy Furniture	511	(5)
You and Your Community	516	(3)
UNIT 11 Using Professional Services	519	(26)
Medical and Dental Services	521	(12)
Practicing Preventative Medicine	522	(1)
Medical and Dental Care	523	(3)
Health Care Costs	526	(4)
Review	530	(3)
People Making a Difference: A Believer in Immunization	525	(2)
Focus on Careers: Randall Howard, M.D., Santa Barbara Medical Center	527	(6)
Legal Services	533	(12)
Legal Services	534	(2)
Issues in the Field of a Law	536	(1)
Review	536	(9)
People Making a Difference: Making House Calls	535	(2)
Consumer News Clip---Cutting the Cost of Lawyer's Time	537	(5)
You and Your Community	542	(3)
UNIT 12 Social Responsibility	545	(27)
Your Role as a Citizen	547	(12)
What Is a Citizen?	548	(1)
Being a Responsible Citizen	549	(1)
Good Citizens in the Community	550	(3)
Social and Ethical Responsibilities	553	(1)
Becoming Active in Your Community	554	(2)
Review	556	(3)
People Making a Difference: A Gift of Lives	553
Consumer News Clip---Wild Times in the City	552	(7)
You and the Environment	559	(13)
Protecting Our Natural Resources	560	(1)
Natural Resource Management Problems	560	(1)
Resource Conservation and Environmental Protection	561	(3)
Balancing the Issues	564	(1)
Your Role in Conservation	564	(4)
Review	568	(4)
People Making a Difference: Saving Beluga Whales in Quebec	563	(2)
Careers in Focus---Paul Relis, Board Member	565	(5)
You and Your Community	570	(2)
Glossary	572	(10)
Index	582