Chapter 19 review - Recalling key concepts

*True or False*
2.) In a free-enterprise system, prices and wages are strictly controlled by government regulations. False
3.) The presence or absence of competition has no effect on prices. False
4.) The consumer price index and the unemployment rate are two yardsticks for measuring the economy. False
5.) Buying generic products when their quality is comparable to brand-name products is one way to save money. True
6.) The consumer product safety commission enforces rules about advertising, labeling, and warranties. False