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Main Focus for Chapter 7: What role s hould consumerism play in our economy?
Consumerism: an economic theory that links prosperity to consumer demand for goods and
services, and that makes consumer behaviour central to economic decision making
1. Name three things that influence you as a consumer. (3) popularity, price,
quality
2. What impact can consumer behaviour have on the environment (provide
examples) (2) Consumer behaviour has to be sustainable or it can cause
global warming e.g. fossil fuels being burned to make petroleum then gives off
harmful air pollutants
7. How might boycotts affect producers? (2) Boycotts can affect producers as
their product is not being purchased. This in turn means the company is not
making money from this. Also this affects the workers who no longer are being
paid to work.
8. What positive and negative impacts might they have on quality of life? (4)
Negative impacts on quality of life by boycotts are losing jobs so reduced
income and producers have less money to spend on the quality of products.
Positive impacts can be reduced effects for climate change and improved
human rights.
9. Pg. 263 To what extent do the boycotts on this page reflect collective identity?
(4) The boycotts reflect collective identity by the group feeling a shared
belonging by working together organizing rallies, petitions and speeches. Also
working together in forcing a change.
Health insurance: an agreement by a company to pay for your health services, in exchange
for a fee that you pay each month or each year.
10. To what extent do differences in the way the U.S. and Canada regulate
products for health and safety reflect differences in their economic systems?
(4) The differences
11. How much control should consumers have over choices that affect their health
and safety? Why? (4)
Profit: money made from a product or service above and beyond the cost of providing the
product or service
Tax base: all the economic activity in a society, taxed by government to pay for services
Taxation model: a policy of a political party or government about what to tax (eg. incomes,
purchases) how much to tax and how to spend taxes
Sales Tax: tax paid at the time of buying a product or service, and based on a percentage of
the price of the product or service.
Underground economy: economic activity based on buying and selling products and
services illegally.
Median: a concept in statistics that means the middle number in a set of data organized in
order of least to most.
Per Capita: “average per person” So….GDP per capital is a way to estimate how well off
people are in a county.
GDP - Gross Domestic Product: measures the amount of wealth a country’s economy
generates
12. Find the exact GDP per capita in 2018 (you will have to research this) for the
countries of:
Canada Mexico United States (3)
The GDP for Mexico per capita in 2018 was 9698 US dollars per person
The GDP for USA per capita in 2018 was 63790 US dollars per person
14. How do factors such as jobs and the environment connect to citizenship,
identity and quality of life?
Citizenship (2 )
Identity (2 ) Read pages 234,235 before answering this question
Quality of life (2) jobs and the environment connect to quality of life as having
a job improves your life with financial gains, it makes you part of a unit. The
environment
Total: 50 Points
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