Consumer protection laws might result in:

1:08 AM    Consumer Financial Protection Bureau (CFPB) , Consumer Protection Law , Economics , Everfi , Everfi 8 , Law   

Q. Consumer protection laws might result in:

1. Fewer unwanted telemarketing calls.
2. Lower prices at the gas station.
3. Both A and B
4. Neither A nor B

Answer: Fewer unwanted telemarketing calls

Consumer protection measures are often established by law. Such laws are intended to prevent businesses from engaging in fraud or specified unfair practices in order to gain an advantage over competitors or to mislead consumers.

 

• Consumer protection laws are meant to: Prevent unfair or deceptive business practices.
• The primary goal of the Consumer Financial Protection Bureau is: To protect consumers by regulating financial products and services.
• Consumer protection laws might result in: Fewer unwanted telemarketing calls.

From the options, it is clear that only the telemarketing calls could be viewed as a breach of the privacy of consumers and thus the protection of consumers might need to be increased.
The prices at the gas station are not affected by the protection of consumers.

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Consumer protection laws might result in:

1. Low prices of products and services.
2. Fewer unwanted promotional calls.
3. Sale of goods and services to the consumers through coercion.
4. monopolization of the market.

Answer: Fewer unwanted promotional calls.