Answer: Choose the letter of the term that best completes each sentence. a. potential b

Write a paragraph or two explaining how one can be a wise consumer when shopping for necessities such as food, clothing, housing, and cars. Use all of the following terms. club warehouse store convenience store private-labeled products durability service flow lease security deposit closing costs registration fee liability insurance

Choose the letter of the term that best completes each sentence. a. potential b. significant c. regional d. factor e. equivalent f. obtain g. involved h. status Some brands are because they are only available in certain areas of the country.

Choose the letter of the term that best completes each sentence. a. potential b. significant c. regional d. factor e. equivalent f. obtain g. involved h. status Trendiness is often a in young peoples clothing choices.

Choose the letter of the term that best completes each sentence. a. potential b. significant c. regional d. factor e. equivalent f. obtain g. involved h. status Insurance companies check drivers marital because married people tend to be safer drivers.

Choose the letter of the term that best completes each sentence. a. potential b. significant c. regional d. factor e. equivalent f. obtain g. involved h. status A security deposit is often to one months rent.

Choose the letter of the term that best completes each sentence. a. potential b. significant c. regional d. factor e. equivalent f. obtain g. involved h. status Leases protect both landlords and tenants from many problems that might arise.

Choose the letter of the term that best completes each sentence. a. potential b. significant c. regional d. factor e. equivalent f. obtain g. involved h. status Customers can necessities from a convenience store for a higher price.

Choose the letter of the term that best completes each sentence. a. potential b. significant c. regional d. factor e. equivalent f. obtain g. involved h. status There are many decisions in buying a new car, including price, style, brand, and color.

Choose the letter of the term that best completes each sentence. a. potential b. significant c. regional d. factor e. equivalent f. obtain g. involved h. status The cost of a home is usually the most expense in a familys budget.

When comparison shopping, what factors should you consider in deciding where to shop and what to buy?

What is the trade-off involved when you buy a generic brand rather than a brand-name product?

What are some advantages and disadvantages to shopping at club warehouse stores?

. What four factors influence the kind of clothing choices people make?

In general, what is the relationship between how long an article of clothing will last and its price?

Fill in a chart like the one below listing the advantages and disadvantages of owning a home versus renting.

List three responsibilities of tenants and three responsibilities of landlords.

Name at least two things you should look for in a rental lease.

If you get a loan to buy a car, what expenses must be included in the cost of buying the car?

What is included in the cost of operating an automobile?

Determine the per-unit price of each product listed in the chart below.

Which milk is the better buy? Why?

Why might some people consider the other choice of milk to be better despite the price difference?

Which laundry detergent is the better buy? Why?

Most peoples ability to spend is limited by the amount they earn. This means that income is a scarce resource, and people must make choices about how to use it. So, if a familys rent unexpectedly increases but their income does not, how might they adjust to this unavoidable change in their budget?

Look over the expenses identified in this chapter as necessities (food, clothing, housing, vehicles). What other expenses in life would most people consider to be necessities? Why?

Study the cartoon on the right, and then answer the following questions. a. What necessary expenses are shown in this cartoon? b. Why does the man decide to stay home? c. How are oil prices affecting the man even if he does avoid driving?