The Fair Debt Collection Practices Act Prohibits Which of the Following

question 3

Multiple Choice

The Fair Debt Collection Practices Act prohibits which of the following practices?

• A) A debt collector falsely representing himself as a lawyer.a.m.
• B) A debt collector telephoning the debtor at 8:00
• C) Visiting a debtor at work if the employer permits personal visits.
• D) Using neighbors to locate the debtor.

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Definitions:

Individual Producer Surplus

The net gain to an individual seller from selling a good; equal to the difference between the price received and the seller’s cost.

Phantom Tickets

Tickets for an event that are sold or promised to a customer but actually do not exist or are not available.

Producer Surplus

Producer surplus refers to the difference between what producers are willing to accept for a good or service versus what they actually receive, essentially measuring the benefit or surplus producers gain from transactions.

Monthly Supply

Monthly Supply refers to the total quantity of a good or service that is available for purchase within a month.