Which Statement Is Accurate in Its Description of Consumer Protection

question 1

Multiple Choice

Which statement is accurate in its description of consumer protection? ​

• A) The Consumer Product Safety Commission has the power to order recalls, public warnings, and refunds.
• B) Statistics show that, in fact, safety regulations rarely succeed in increasing safety.
• C) Critics exaggerate the cost of safety regulations and product recalls.
• D) Safety regulations permit people to choose to save money by purchasing riskier (but less expensive) products.

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Definitions:

Primary Sector

The primary sector of the economy involves extracting and harvesting natural resources, such as agriculture, mining, forestry, and fishing.

Economy

A system of production, distribution, and consumption of goods and services within a particular territory or entity.

Logging Company

A business involved in cutting down trees, processing timber, and possibly engaging in forestry management and sales of wood products.

Secondary Sector

Part of the economy that involves industrial activity, including manufacturing and construction, that processes raw materials into finished goods.