Which of the Following Acts, Passed in Response to Public

question 28

Multiple Choice

Which of the following acts, passed in response to public outrage over conditions described in Upton Sinclair's The Jungle, was the first consumer protection legislation?

• A)Civil Rights Act of 1964
• B)Sherman Antitrust Act of 1890
• C)Magnuson-Moss Warranty Act of 1974
• D)Consumer Product Safety Act of 1972
• E)Pure Food and Drug Act of 1906

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Definitions:

Tax Shelter

An investment strategy or financial arrangement designed to reduce, defer, or eliminate tax liabilities.

Deferred Taxes

Tax liabilities or assets that arise due to differences between the financial accounting and tax treatment of transactions, recognized in corporate financial statements.

Investment Earnings

The return on investment, including income and capital gains.

Traditional IRA

A retirement savings account that allows individuals to make pre-tax contributions, with taxes on earnings deferred until withdrawals begin.