Which statement is accurate in its description of consumer protection?
A) The Consumer Product Safety Commission has the power to order recalls, public warnings, and refunds.
B) Statistics show that, in fact, safety regulations rarely succeed in increasing safety.
C) Critics exaggerate the cost of safety regulations and product recalls.
D) Safety regulations permit people to choose to save money by purchasing riskier (but less expensive) products.

Question

Which statement is accurate in its description of consumer protection? ​
A) The Consumer Product Safety Commission has the power to order recalls, public warnings, and refunds.
B) Statistics show that, in fact, safety regulations rarely succeed in increasing safety.
C) Critics exaggerate the cost of safety regulations and product recalls.
D) Safety regulations permit people to choose to save money by purchasing riskier (but less expensive) products.

Quizplus · Accepted Answer

The Consumer Product Safety Commission (CPSC) is a government agency that has the authority to take safety measures such as ordering recalls, public warnings, and refunds.

B, C, and D are inaccurate. B is incorrect as safety regulations do increase safety. C is incorrect as the costs of safety regulations and recalls are significant and justified, as they protect consumers from harm. D is incorrect as safety regulations aim to ensure that all products available to consumers are safe and do not pose unnecessary risks.

Which Statement Is Accurate in Its Description of Consumer Protection