Consumer Protection

What is the purpose of consumer protection laws?

• Consumer protection laws are intended to limit consumer choices

• Consumer protection laws aim to increase prices for consumers

• Consumer protection laws are designed to benefit businesses

• Consumer protection laws aim to safeguard consumers from unfair or deceptive practices by businesses.

What are some common examples of consumer rights violations?

• Clear billing practices

• Overpriced discounts

• False advertising, price gouging, bait-and-switch tactics, unfair billing practices, selling counterfeit or unsafe products

• Honest advertising

Explain the concept of product liability in consumer protection.

• Product liability in consumer protection is the legal responsibility of manufacturers or sellers for harm caused by defective products to consumers.

• Product liability is the responsibility of consumers for defective products

• Product liability only applies to online purchases

• Product liability does not cover physical harm caused by products

How can consumers protect themselves from fraudulent practices?

• Be cautious of suspicious emails, websites, and phone calls; verify the legitimacy of businesses before making purchases; monitor financial accounts regularly; report any suspicious activity to the authorities.

• Never check financial accounts for any discrepancies

• Share personal information freely with unknown sources

• Ignore all emails, websites, and phone calls

Discuss the role of consumer advocacy groups in promoting consumer protection.

• Consumer advocacy groups have no impact on consumer protection

• Consumer advocacy groups play a crucial role in promoting consumer protection by advocating for consumer rights, raising awareness about issues, lobbying for policy changes, conducting research, and providing resources and support to consumers.

• Consumer advocacy groups hinder consumer protection efforts by spreading misinformation

• Consumer advocacy groups primarily focus on profit rather than consumer rights