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

The Food and Drug Administration's definition of cosmetics includes substances and preparations for cleansing,altering the appearance of,and promoting the attractiveness of a person.

In 2010,the United States Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Is it fair that the Environmental Protection Agency may set ambient air standards without consideration as to what the cost will be to certain industries? Is this unfair discrimination against industries that will cause them to incur overly-burdensome costs of compliance?

Under the federal rules regulating food and drugs:

The "Biosafety Protocol" allows consumers to decide on their own whether to purchase genetically altered foods.

Do the wealthier nations of the world have an obligation to assist the less-wealthy nations in the development and implementation of programs and technology to reduce pollution?

Zach owns property that contains wetlands and decides that he would like to dredge them.Which of the following is true?

The Consumer Product Safety Commission (CPSC)is empowered to conduct research on the safety of consumer products.

The United States Department of Agriculture (USDA)conducts inspections of food processing and storage facilities.

A furniture store in a college town advertised a convertible futon sofa-sleeper as "Big enough to sleep two people; nice oak finish; wide choice of fabrics; $199." Bob is interested in the item,and goes to the store.When he arrives at the store,he is told that they only have a few of the sofa-sleepers,and that they do not have one assembled and displayed.The salesperson says that he does not know where the ones in the warehouse are,and that it will take some time to locate them.The salesperson tries to interest Bob in some of the more expensive models in the showroom,but Bob is not interested.Finally,Bob is able to see the $199 model.Even when opened out as a bed,it is several inches narrower than a standard full-size mattress.In addition,the finish on the wood is poorly-applied.Lastly,Bob is told that the only fabric colors are white,gray and black,and that they are currently out of stock on the white and gray colors.Has the store violated Federal Trade Commission regulations?