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Briefly Explain the Term Soft Rationing

question 11

Essay

Briefly explain the term soft rationing.


Definitions:

Deceptive Statements

False or misleading claims made intentionally to deceive or mislead someone.

Deceptive Advertisement

Marketing communication that misleads consumers about the characteristics, benefits, or quality of a product or service.

Consumer Law

A branch of law that deals with the rights of consumers and the regulation of trade practices to protect those rights.

Truth in Lending Act

A federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.

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