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Ch 65: NES: Consumer Economics

About This Chapter

Let us help you brush up on consumer economics for the National Evaluation Series (NES) Middle Grades Social Science exam. You'll watch engaging video lessons on topics like product liability, laws that protect consumers and types of consumer behavior.

NES: Consumer Economics - Chapter Summary

This chapter uses a combination of lessons and quizzes to help you review consumer economics for the NES Middle Grades Social Science exam. After completing the lessons in this chapter, you'll be proficient with the following:

  • Product liability laws
  • Liability for defective products
  • Laws and rights for consumer protection
  • Consumer privacy and protection in e-commerce and m-commerce
  • Marketing and consumer buying behavior
  • Adoption of new products by consumers

These short lessons will get you up to speed in next to no time. Each lesson covers key topics in ten minutes or less. Skip to the topics you want to focus on with the timeline tags, and use the self-assessment quizzes to gauge your retention of lesson material.

NES: Consumer Economics Objectives

Get ready for questions about consumer economics in the Economics subsection of the NES Middle Grades Social Science exam, which accounts for about 12% of the total score. You'll be tested on your ability to evaluate marketing and advertising claims as well as consumer information and consumer protection laws.

The NES Middle Grades Social Science exam is part of the certification process for social science teachers in some states. The exam consists of 150 multiple-choice questions on history, geography, culture, government and economics. You'll have three hours to complete the test questions.

6 Lessons in Chapter 65: NES: Consumer Economics
Test your knowledge with a 30-question chapter practice test
What Is Product Liability? - Definition & Laws

1. What Is Product Liability? - Definition & Laws

Businesses are held responsible when their products are defective, known as product liability. Liability can be based on one or more of three theories: Breach of warranty, negligence, and strict liability. This lesson explains these three theories.

Defective Products Liability

2. Defective Products Liability

Businesses are held responsible when their products are defective. There are three types of possible product liability defects. This lesson explains the three possible types of defects for which businesses can be liable.

What Is Consumer Protection? - Product Liability, Laws & Rights

3. What Is Consumer Protection? - Product Liability, Laws & Rights

Consumer protection refers to the laws and other forms of government regulation designed to protect consumers. One form of consumer protection is product liability. This lesson explains consumer protection and product liability.

Impact of e-Commerce and m-Commerce on Consumer Privacy and Fraud

4. Impact of e-Commerce and m-Commerce on Consumer Privacy and Fraud

There are a number of challenges in the world of e-commerce and m-commerce stemming from the ease of information exchange over the Internet. The issues discussed in this lesson include consumer privacy and fraud.

Buying Behavior and Marketing: Types of Consumer Buying Decisions

5. Buying Behavior and Marketing: Types of Consumer Buying Decisions

Marketers must consider how consumers decide to buy their product. Consumers use nominal, limited, and extended decision making. Watch this video to learn more about the different types of consumer decisions.

How a New Product is Adopted by Consumers

6. How a New Product is Adopted by Consumers

In this lesson, you will learn the five stages consumers go through to determine whether or not to adopt a product that is new to the marketplace. You will also learn why it is important for companies introducing new products to understand the adoption process their customers use.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the NES Middle Grades Social Science (202): Practice & Study Guide course

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