Question

15 multiple choice 5 points
how can being a well - informed consumer benefit you?
a) it can lead to overspending
b) it can help you make smart purchasing decisions
c) it can decrease your awareness of product quality
d) it can make you ignore prices
16 multiple choice 5 points
which of the following is an example of a consumer protection law?
a) the speed limit law
b) the right to free speech act
c) the fair packaging and labeling act
d) the uniform commercial code

Explanation:

• Question 15: A well - informed consumer has knowledge about products, prices, and quality. This knowledge helps in making rational choices. Overspending (A) is the opposite of what a well - informed consumer does. Decreasing awareness of product quality (C) is incorrect as being informed means being more aware. Ignoring prices (D) is also wrong. Making smart purchasing decisions (B) is a direct benefit as the consumer can compare options.
• Question 16: The Fair Packaging and Labeling Act (C) is a consumer protection law. It requires that consumer commodities be honestly and informatively labeled. The Speed Limit Law (A) is a traffic law. The Right to Free Speech Act (B) is related to First Amendment rights. The Uniform Commercial Code (D) is a set of laws governing commercial transactions but is not specifically a consumer protection law in the same sense as the Fair Packaging and Labeling Act.

Answer:

1. B. It can help you make smart purchasing decisions
2. C. The Fair Packaging and Labeling Act