Final answer:
The Consumer Bill of Rights outlines important protections such as the right to safety, right to be informed, and right to choose, while implying that consumers also have responsibilities corresponding to these rights.
Step-by-step explanation:
Consumer Bill of Rights
The Consumer Bill of Rights is a historic guide established by President John F. Kennedy in 1962 to safeguard consumers in the marketplace. Three pivotal rights outlined are:
- Right to Safety - This ensures that consumers are protected against products, production processes, and services that are hazardous to health or life.
- Right to be Informed - It requires that consumers receive the information needed to make an informed choice and are protected against dishonest or misleading advertising and labeling.
- Right to Choose - This guarantees that consumers have access to a variety of products and services at competitive prices and are not disadvantaged by monopolies.
Each right not only establishes what consumers can expect regarding safety, information, and choice, but it also corresponds with a consumer responsibility. For example, using products safely, seeking necessary information, and making informed decisions reflect the reciprocal nature of these rights.