The Major Duty of the Magnuson-Moss Warranty Act Is to Require

question 52

True/False

The major duty of the Magnuson-Moss Warranty Act is to require the FTC to issue rules regarding consumer product warranties.

---

Definitions:

Production Possibilities

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, technology, etc.).

Trade-offs

Situations where making a decision to gain something entails losing something else, typically requiring a compromise or balancing act.