Which Model Recognizes and Attempts to Reduce the Problems Identified

question 190

Multiple Choice

Which model recognizes and attempts to reduce the problems identified through the bounded rationality model?

• A) evidence-based model
• B) rational model
• C) political model
• D) ethical model

---

Definitions:

Consumer Protection Act

Legislation designed to protect consumers from unfair, deceptive, or fraudulent practices in the marketplace and to provide them with information to make informed choices.

Motor Vehicle Repair Act

Legislation aimed at protecting consumers through regulation of the vehicle repair industry, ensuring transparency, fairness, and quality in repair services.

Consumer Protection Legislation

Laws and regulations designed to safeguard the rights of consumers, ensuring fair trade, accurate information, and redressal of grievances.

Hazardous Products Act

Legislation aimed at regulating the sale and use of materials and substances that pose risks to health and safety.