1. Ted applied for a credit card and he was approved. The next week, he found a really nice electronic keyboard and amp set that he wanted. At $1,000, it was a bit out of his price range for a cash purchase, so he decided to use his credit card for the purchase. Should he? Explain your reasoning 2. Buying a car is a big decision. Explain what protections a buyer would receive when purchasing from a dealer. A private seller? Which one is legally safer, and why? 3. Credit card users are entitled to certain rights under the Fair Credit Reporting Act. Explain why you think these rights are important, using evidence to support your claim. 4. Consider the purpose behind an extended warranty. For what types of products might it be worth purchasing an extended warranty? In what types of situations may an extended warranty not be worth the extra money? 5. For generations, there has been only one, small, independently-owned grocery store in your town. Plans for a large grocery chain to move in have just been approved. Consider the pros and cons of this new development for both the independent grocer and the local residents