Economic Education For Consumers
Economic Education For Consumers
4th Edition
ISBN: 9780538448888
Author: Roger LeRoy Miller, Alan D. Stafford
Publisher: Cengage Learning
bartleby

Concept explainers

Inflation and Purchasing Power Theory
In economic terms, Inflation refers to the increase in the costs of various commodities which are used in daily lifestyle like food, clothes, transport, etc. over a specific time. It may lead to a fall in the purchasing power of the people and also affec…
Question
Book Icon
Chapter 3, Problem 1TR
To determine

Agency for the protection of consumers.

Expert Solution & Answer
Check Mark

Explanation of Solution

Federal Trade Commission (FTC) is a government agency for the protection of consumers. The main purpose of the Federal Trade Commission (FTC) is to protect the customers from unfair trade practices and it gives specific information about the consumer’s choice, quality product, and competitive process received by both producers and consumers. FTC implements laws and build up rules and working methodology. A noteworthy objective is to help and advice organizations so that they may agree the laws. FTC discloses to organizations what is viewed as inequitable, misleading or unlawful and regard as each case without anyone else justifying as opposed to carefully applying a single set of rules for all organizations. Thus, option ‘j’ is correct.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Previous
Chapter 3.4, Problem 10TC
Next
Chapter 3, Problem 2TR
Students have asked these similar questions
set of guidelines for writing effective e-mails
Research about unethical business practices
Money received for goods sold

Chapter 3 Solutions

Economic Education For Consumers

Ch. 3.1 - Prob. 1UCCh. 3.1 - Prob. 2UCCh. 3.1 - Prob. 3UCCh. 3.1 - Prob. 4UCCh. 3.1 - Prob. 5TCCh. 3.1 - Prob. 6TCCh. 3.1 - Prob. 7TCCh. 3.2 - Prob. 1UCCh. 3.2 - Prob. 2UCCh. 3.2 - Prob. 3UC
Ch. 3.2 - Prob. 4UCCh. 3.2 - Prob. 5UCCh. 3.2 - Prob. 6UCCh. 3.2 - Prob. 7UCCh. 3.2 - Prob. 8UCCh. 3.2 - Prob. 9TCCh. 3.2 - Prob. 10TCCh. 3.2 - Prob. 11TCCh. 3.2 - Prob. 12TCCh. 3.3 - Prob. 1UCCh. 3.3 - Prob. 2UCCh. 3.3 - Prob. 3UCCh. 3.3 - Prob. 4UCCh. 3.3 - Prob. 5UCCh. 3.3 - Prob. 6UCCh. 3.3 - Prob. 7UCCh. 3.3 - Prob. 8UCCh. 3.3 - Prob. 9UCCh. 3.3 - Prob. 10TCCh. 3.3 - Prob. 11TCCh. 3.3 - Prob. 12TCCh. 3.3 - Prob. 13TCCh. 3.3 - Prob. 14TCCh. 3.4 - Prob. 1UCCh. 3.4 - Prob. 2UCCh. 3.4 - Prob. 3UCCh. 3.4 - Prob. 4UCCh. 3.4 - Prob. 5UCCh. 3.4 - Prob. 6UCCh. 3.4 - Prob. 7TCCh. 3.4 - Prob. 8TCCh. 3.4 - Prob. 9TCCh. 3.4 - Prob. 10TCCh. 3 - Prob. 1TRCh. 3 - Prob. 2TRCh. 3 - Prob. 3TRCh. 3 - Prob. 4TRCh. 3 - Prob. 5TRCh. 3 - Prob. 6TRCh. 3 - Prob. 7TRCh. 3 - Prob. 8TRCh. 3 - Prob. 9TRCh. 3 - Prob. 10TRCh. 3 - Prob. 11TRCh. 3 - Prob. 12TRCh. 3 - Prob. 13TRCh. 3 - Prob. 14TRCh. 3 - Prob. 15TRCh. 3 - Prob. 16TRCh. 3 - Prob. 17TRCh. 3 - Prob. 18TRCh. 3 - Prob. 19TRCh. 3 - Prob. 20TRCh. 3 - Prob. 21TRCh. 3 - Prob. 22TRCh. 3 - Prob. 23TRCh. 3 - Prob. 24TRCh. 3 - Prob. 25TRCh. 3 - Prob. 26TRCh. 3 - Prob. 27TRCh. 3 - Prob. 28TRCh. 3 - Prob. 29TRCh. 3 - Prob. 30TRCh. 3 - Prob. 31TRCh. 3 - Prob. 32TR
Knowledge Booster
Background pattern image
Economics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Economics Today and Tomorrow, Student Edition
Economics
ISBN:9780078747663
Author:McGraw-Hill
Publisher:Glencoe/McGraw-Hill School Pub Co
SEE MORE TEXTBOOKS