oversee all domestic and imprted food except meat and poultry

bottled water

wine (<7% alcohol)

taste and preference

habit and conveinence

culture, health benefits, and body image

cost

nutrition, health benefits, and body image

innovation and marketing

the most poverty is in the ______(region)

the most well off is the _____(region)

worst: South

best: Northeast

foods rthat have had some kind of drug added, such as margarine, which contains a substance that helps lower cholestorol.

ex: benecol, added to margarine and salad dressing

• end-of-aisle displays may feature products at a higer price
• tie-ends place complementary products side-by-side to encourage purchse of both, often one at a high price and one at a reduced price
• stores are set up so rthat the consumer has to go all around rthe store to purchase basics (meat, mile, cheese, bread, produce)

• the largest fast-food chain in the world, founded as a bbq drive-in in 1940 by Dick and Mac Donald
• the mcDonald's stand was the milkshake salesman named Ray Kroc who traveled to California to discover the secret to their high-volume burger-and-shake operation

england accounts for ____% of all fast food

(They are number 1 while the US is number ____)

25%

3

• also known as the "buy local" movement
• began in italy and serves as a counterpoitn to mass-produced fast food and over-processing of foods.

• grown and processed to UDSA regulations
• not treated w/pesticides
• consumers like organic foods because they are more natural/ help protect the environment
• typically cost more than nonorganic food

• Genetic engineering: use of biotechnology to modify living cells
• ex: modified tomatoes w/longer shelf life
• Biotechnology: use of organisms to create or mnodify products
• ex: use of bacteria to make yogurt
• ex: plant engineering (adding genes to make products more resistant to insects or viruses)

substances added to food intentionally (food coloring) or by accident (small rocks in a bad of dried beans)

makes food last longer (preservatives) and makes food taste/ look better

ex: sawdust in hotdogs, they thought red dye caused cancer

life expectancy in the U.S. now is _____

It is lower for ________ because_____

75 years old

lower for blacks and native americans because of alcoholism, high unemployment rates, sickle cell, heart disease, obesity, etc.

Gross Domestic Product

• the total market value of all final goods and services produced within a country in a given period of time
• gdp=consumption+gross investment+government spending+(exports-imports)

2.2 trillion

4.3 trillion

1. we have a 3rd world public health program (poor immunization practices, ineffective prenatal care)
2. teen pregnancy (prematurity, poor parenting)

• one million girls will become pregnant overthe next 12 months
• 1/3 will end in abortion
• 1/3 will end in spontaneous miscarriage
• 1/3 will keep the baby

teeange births costs the US ____billion dollars a year, of that, ______billion is for mothers under the age of 17

9.1

8.6

HPV

50%

18th

(in 1919)

outlawed most alcohol use

challenged the "free market" system of buyers and sellers

• low birth weight
• small head circumfrence
• facial abnormalities
• poor coordination/fine motor skills
• learning difficulties (poor memory, inability to understand concepts)
• behavioral problems (hyperactivity, social withdrawl, impulsiveness, anxiety)

housing accounts for _____ of monthly expenditures

&

transportation is ___% 

1/3

18

when rent is due and if there is a grace period

amount of the security deposit

metho to terminate lease

how maintenance and repairs are handled

special charges or fees

• protect the landlord if the tenant vacates without making required payments or damaged the unit
• the tenant should inspect unit before moving out

the right to health and safety

the right to privacy

• covers your personal property in the event of theft, loss, or destruction
• pay extra for replacement cost insurance (your parents' insurance won't always cover you)

the national homeownership rate is :

one of the major reasons for the growth of homeownership?

69%

new mortgage oroducts and credit guidelines opened the market to populations that previously would not have qualified

what can you afford to buy? 

• ______times your annual household gross income
• ____% of your month household gross income
• house+debt payments should be no more than ____% of your monthly household gross income 

• 2.5
• 28%
• 36%

a household spends >30% of income on housing

a household spends 50% on housing

• unique for people over age 62
• allows owner to covert a portion of the equity into cash
• homeowner retains title to their house
• loan does not have to be repaid during homeowner's lifetime

loan given to households with poor credit history

almost always have a higher than average interest rate

subprime mortgage loan market grew from ____ in '01 to ______ in '05

last year, _____% of mortgages originates were subprime

210 billion to 625 billion

13.5%

• lender charges an excessive interest rate on a loan made to a person with good credit
• "loan targeting"- loans target a specific population/group of people
• lender encourages you to refinance-->leading to additional fees

getting married

involved in a committed relaitonship

having kids

kids leaving home

retiring

price manufacturer charges the dealer

the buyer avoids some of the depreciation costs (can be up to 40% of its  alue the first two years)

sometimes the vuyer can afford more other luxury items when purchasing a used car

often the most maintanance-free time of the car's life is during the first two uears

some used cars have serious hidden defects with limited or no warranty coverage

offer should be 15-20% below the max you would pay

say you are undecided if asked about dealer financing or a trade-in

car's value at the end of the lease

aka guarantees future value or leas-end value

provide a safety net, also helpful for putting together money for future needs such as down payments on a house

provide a sense of comfort and security

certificate of deposit

type of time deposit, safe ways to store money from seven days to seven years

a specialist trained to focus on who gets the assets in divorces and who work alongside attorneys who handle legal documents and child custody issues

help divy up retirement accounts and stock options, etc

• right to recivee a copy of your credit report
• right to know the name of anyone who received your credit report in the last year
• companies that deny your application must supply name and address of the CRA
• if you disagree with the accuracy, you can file a dispute with the CRA and the company that furnished the info

• debt collectors can only contact you between 8 am and 9 pm
• debt collectors can't contact you at work if they know your eomplyer diaproves
• debt collectors can't harrass/abuse you
• debt collectors cannot lie when collecting debts and must identify themselves to you on the phone
• collectors must stop contacting you if you ask them to in writing

known as "straight liquidation" 

in return for eliminating debts, the debtor agrees to turn over nonexempt assets and pay as much as possible to creditors

allows debtor to repay some of the debt they owe and in return, they get to keep most of their property

(usually this type of debtor is a person with regular income )