Pablo Complained That It Took Some Time to Locate a Distributor

question 253

Multiple Choice

Pablo complained that it took some time to locate a distributor of an imported light bulb that he had to replace.He was further annoyed that he had to pay an artificially high price.When asked for his opinion,Pablo would probably argue

• A) against trade restrictions.
• B) for the trade deficit.
• C) for exports.
• D) for tourism.
• E) against international free trade associations.

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Definitions:

Magnuson-Moss Act

A federal law in the United States that governs warranties on consumer products.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, aiming to standardize the law in all 50 states.

Federal Trade Commission

A U.S. federal agency established to protect consumers and ensure a strong competitive market by enforcing antitrust and consumer protection laws.

Equal Credit Opportunity Act

A U.S. federal law ensuring that all consumers are given an equal chance to obtain credit.