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Consumer Rights and Protection

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Ursula Block

Lvl 10
โˆ™ 2021-10-30 18:35:02
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Cards in this guide (27)
What is the purpose of the World Trade Organization

To promote free trade around the world

Which is the government agency responsible for prohibiting discrimination in the work place

Equal Employment Opportunity Commission

What is the main function of the consumer financial protection bureau

educating consumers about student loans

Who created the Consumer Financial Protection Bureau

congress

How are government social programs funded

tax revenues

Which government agency sets wage standards

Department of Labor

Which of these federal institutions carries the responsibility of managing the process of borrowing money by issuing bonds and notes

Department of the Treasury

Which government agency issues patents and trademarks

United State Patent and Trademark Office (A+LS)

Which government agency is responsible for ensuring the safety of products including food medicines cosmetics tobacco and dietary supplements

The Food and Drug Administration is responsible for ensuring the safety of products. They are abbreviated as the FDA in many contexts.

Which type of warranty is not written on the label of a product

An Implied Warranty. It is a promise, arising by operation of law, (consumer protection laws) that something that is sold will be merchantable and fit for the purpose for which it is sold. In other words, if you buy a waterproof watch, it can be presumed that it will be waterproof.

What does not fall under the umbrella of the Environmental Protection Agency

prescription drug safety

What is the reproduction of intellectual property without permission referred to as

piracy

Which social program provides vouchers the poor can use to purchase food

Supplemental Nutrition Assistance Program

Which of these is a reason why the us charges an import tax on certain foreign goods

to prevent foreign competitors from undercutting U.S. prices and profits

Which point in the business cycle occurs when economic activity goes from positive to negative and an expansion turns into a recession

peak

What is the purpose of the Health Insurance Portability and Accountability Act

Set standards for privacy and how patient information can be used.

What happens as a result of excessive government borrowing

It becomes more expensive for the private sector to borrow.

Which government agency regulates job safety in the workplace

department of labor

Most favored nation status tends to grant the recipient which of these

Most favored nation status tends to grant the recipient with the same trade concessions.

What is the benefit of the unemployment insurance program

ys cash benefits to qualifying workers who have lost their jobs.

The response of businesses and individuals to fiscal policy changes is related to which of these

the amount of funds government is spending

Which of the following best describes expressed powers

they are specifically written in the constitution, giving the federal government authority.

What do most businesses and citizens prefer

Stable economy

What term best describes statements indicating the assured quality and function of goods

warranty

What would apply to an original piece of art such as a song or movie script

A copyright.

What interconnected global commerce structure has happened

Consumers can often no longer easily see the source of the products they buy.

What is the independent US agency responsible for protecting human health and the nation's environment

The Environmental Protection Agency (EPA) monitors threats to the environment and public health.

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