Which statement is accurate in its description of consumer protection? The Consu

ID: 1219537 • Letter: W

Question

Which statement is accurate in its description of consumer protection?

The Consumer Product Safety Commission has the power to order recalls, public warnings, and refunds.

Safety regulations permit people to choose to save money by purchasing riskier (but less expensive) products.

Critics exaggerate the cost of safety regulations and product recalls.

Statistics show that, in fact, safety regulations rarely succeed in increasing safety.

The Consumer Product Safety Commission has the power to order recalls, public warnings, and refunds.

Safety regulations permit people to choose to save money by purchasing riskier (but less expensive) products.

Critics exaggerate the cost of safety regulations and product recalls.

Statistics show that, in fact, safety regulations rarely succeed in increasing safety.

Option (a).

US CPSC can issue public warnings against dangerous or hazardous products, can issue product recall instructions and result in refund to consumers.

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