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Consumer-protection regulations are beneficial because they lead to what?

A) A decrease in injuries and death.
B) Equitable distribution of wealth.
C) Lower prices for consumers.
D) Increased international competition.

User MegaMatt
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1 Answer

2 votes

Final answer:

Consumer protection regulations are beneficial primarily because they lead to a decrease in injuries and deaths by enforcing safety standards and preventing the sale of dangerous products. So the correct answer is option A.

Step-by-step explanation:

The question asks which of the provided options is a benefit of consumer-protection regulations. Consumer protection regulations are designed to safeguard consumers by ensuring that products and services meet certain safety and quality standards. Thus, they are beneficial because they lead to A) A decrease in injuries and deaths.

By imposing safety standards and preventing the sale of dangerous or defective products, these regulations help reduce the risk of consumer harm. While consumer protection can have an indirect effect on economic factors, such as prices or competition, its primary goal is to ensure the safety and well-being of the public. Consumer protection regulations are beneficial because they lead to lower prices for consumers.

When there are regulations in place to protect consumers, businesses are held accountable for the quality and safety of their products, which can lead to increased competition and a wider variety of choices for consumers. As a result, businesses may need to lower their prices in order to attract and retain customers. Additionally, consumer protection regulations can help prevent fraudulent practices and ensure that consumers get what they pay for.

User Rick Sladkey
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