ECONOMICS
CONSUMERS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Federal Trade Commission
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Better Business Bureau (BBB)
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Consumer Product Safety Commission
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None of the above
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Detailed explanation-1: -The FTC’s mission is protecting the public from deceptive or unfair business practices and from unfair methods of competition through law enforcement, advocacy, research, and education. Our work to protect consumers and promote competition touches the economic life of every American.
Detailed explanation-2: -The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) antitrust law and the promotion of consumer protection.
Detailed explanation-3: -A number of regulators have authority to combat unfair or deceptive acts or practices. For example, the Federal Trade Commission has broad authority to enforce the requirements of section 5 of the FTC Act against many non-bank entities.
Detailed explanation-4: -Report fraud, scams, and bad business practices at ReportFraud.ftc.gov.