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Questions and Answers
What did President John F. Kennedy's definition of consumers emphasize?
What did President John F. Kennedy's definition of consumers emphasize?
- The significance of competitive pricing in the market
- The importance of entrepreneurial and business activities
- The responsibility of governments to protect consumers' rights (correct)
- The need for consumers to be more informed about products and services
What is the main focus of World Consumer Rights Day, as outlined by President Kennedy?
What is the main focus of World Consumer Rights Day, as outlined by President Kennedy?
- Encouraging entrepreneurial and business activities
- Raising awareness about the rights and safety of consumers (correct)
- Promoting fair and competitive pricing in industries
- Advocating for government regulation in the market
What does the 'right to safety' for consumers entail?
What does the 'right to safety' for consumers entail?
- Guaranteeing access to a wide variety of products and services
- Advocating for government regulation in the market
- Being protected against hazardous or life-threatening goods (correct)
- Ensuring fair prices for products and services
Which consumer right focuses on protecting individuals from deceitful information?
Which consumer right focuses on protecting individuals from deceitful information?
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In which industries is an assurance of satisfactory quality and service at fair prices substituted by government regulation?
In which industries is an assurance of satisfactory quality and service at fair prices substituted by government regulation?
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