The Australian Competition and Consumer Commission (ACCC) Seeks Primarily To

question 49

Multiple Choice

The Australian Competition and Consumer Commission (ACCC) seeks primarily to:

• A)promote international free trade agreements and multinational corporations, and build monopolies in Australia.
• B)administer the Competition and Consumer Act (CCA) and Australian Consumer Law (ACL) and promote competition and fair play in the marketplace.
• C)administer Commonwealth, State and Territory consumer protection laws and promote competition and fair play in the workplace.
• D)ADVOdCATE for consumer rights groups and promote free market economics.

---

Definitions:

Income Distribution

Refers to how a country’s total GDP is spread amongst its population, affecting economic equality and citizens' standard of living.

Last Three Decades

Refers to the most recent thirty-year period. Depending on context, this can relate to economic trends, technological advancements, or societal changes that have occurred within that timeframe.

Median Income

The income amount that divides a population into two equal groups, half having an income above that amount and half below, serving as a measure of central tendency.

Hispanic

Relating to, characteristic of, or derived from Spain or Spanish-speaking countries, especially those in Latin America.