Exam 34: Consumer Safety, Consumer Financial Protection, and Environmental Protection

The Toxic Substances Control Act requires manufacturers and processors to test new chemicals to determine the effect on human health and the environment,and to report the results to the Environmental Protection Agency before they can be marketed.

The standard of whether advertising is "false and deceptive" is whether it would mislead:

The uniform disclosures required by the Truth in Lending Act and Regulation Z are intended to help consumers shop for the best credit terms.

Which of the following is not required to be included in an environmental impact statement?

A private party cannot sue for an injunction to prevent violations of the Consumer Product Safety Act (CPSA)or of Consumer Product Safety Commission (CPSC)rules and regulations.

The United States is not a signatory nation to the "Biosafety Protocol."

The Drug Amendment to the Food,Drug,and Cosmetic Act,enacted in 1962,gives the Food and Drug Administration broad powers to license new drugs in the United States.

The United States ________ is the federal administrative agency the is primarily responsible for regulating meat,poultry,and other food products.

The Clean Air Act directs the Environmental Protection Agency to establish national ambient air quality standards (NAAQS)for certain pollutants.These standards are set at three (3)different levels: primary,secondary,and tertiary.

Which of the following is not true about the Comprehensive Environmental Response,Compensation and Liability Act?

The Environmental Protection Agency has rule-making powers,but not adjudicative powers.

The Food,Drug,and Cosmetic Act gives the Federal Trade Commission the authority to regulate the testing,manufacture,distribution,and sale of drugs.

The Nuclear Regulatory Commission and the Environmental Protection Agency share authority over regulation of nuclear energy.

Unfair and deceptive trade practices are generally regulated by the:

Regarding the Nuclear Regulatory Commission and the Environmental Protection Agency,which of the following is true about the regulation of nuclear power plants and radiation pollution?

Most states require that an environmental impact statement or report be prepared for any proposed state action that would impact the environment.

The National Environmental Policy Act (NEPA)mandates that the federal government consider the "adverse impact" of proposed legislation,rule-making,or other federal government action on the environment after the action is implemented.

Under the Fair Credit Reporting Act,a consumer may request the following information from a credit bureau at any time: (1)the nature and substance of all the information in his or her credit file; (2)the sources of this information; and (3)the names of recipients of his or her credit report.

An environmental impact statement must contain "cost-benefit" analysis of the proposed action and alternatives.

Advertising is false and deceptive under Section 5 of the FTC Act if it makes an unsubstantiated claim.