Asked by
Jonathan Hernandez
on Dec 13, 2024
Verified
In the 1960s, President Kennedy outlined what is known as the Consumer Bill of Rights. This legislation represents limitations to the legal concept of ________ that was pervasive before that.
A) utilitarianism
B) self-regulation
C) economic espionage
D) consumerism
E) caveat emptor
Consumer Bill of Rights
A set of principles and guarantees that protect consumers' rights in the marketplace, including the right to safety, to be informed, to choose, and to be heard.
Caveat Emptor
A Latin phrase meaning "let the buyer beware," indicating that the responsibility for due diligence on a purchase lies with the consumer.
- Understand the necessity of consumer knowledge and familiarize with the rule of caveat emptor.
Verified Answer
CH
Learning Objectives
- Understand the necessity of consumer knowledge and familiarize with the rule of caveat emptor.