What federal regulatory agencies protect consumers Workers investors and the environment?

The Securities and Exchange Commission (SEC) protects investors and the Environmental Protection Agency (EPA) protects the environment. The Federal Trade Commission (FTC) enforces the principles of a free enterprise system.

How do federal regulatory agencies protect consumers Workers investors and the environment and what specific agencies protect each one?

How do federal regulatory agencies protect consumers, workers, investors, and the environment? They protect consumers with the Food and Drug Administration (FDA) and the Consumer Safety Commission (CPSC) is responsible for overlooking toys. … They protect the environment with the Environmental Protection Agency (EPA).

What government agencies are responsible in protecting consumer rights and responsibilities?

The Consumer Product Safety Commission is responsible for consumer product safety. The Federal Trade Commission (FTC) protects consumers against false advertising and fraud. The Food and Drug Administration is responsible for the safeguarding of public health by monitoring drugs, medical devices, and cosmetics.

IMPORTANT:  What organ is protected by the axial skeleton?

What are the 5 roles the government plays in a private enterprise system?

1. The five roles the government plays in a free enterprise system are provider of services, customer, regulator, supporter of private (free) enterprise, and monitor of the economy.

Which of the following government agencies provides consumer information about goods and services?

Federal Trade Commission (FTC). The FTC works for the consumer to prevent fraudulent, deceptive, and unfair business practices in the marketplace, and to provide information to help consumers spot, stop, and avoid them.

How do government regulators protect consumers Edgenuity?

The government protects consumers by establishing regulatory agencies that correctly examine all of the products that suppliers produce. … For example,a regulatory capture can occur, a situation in which a regulatory agency is dominated by the industry it regulates.

Which government agency protects consumers?

As the nation’s consumer protection agency, the FTC takes reports about scammers that cheat people out of money and businesses that don’t make good on their promises. We share these reports with our law enforcement partners and use them to investigate fraud and eliminate unfair business practices.

What does the FTC do?

The FTC enforces federal consumer protection laws that prevent fraud, deception and unfair business practices. The Commission also enforces federal antitrust laws that prohibit anticompetitive mergers and other business practices that could lead to higher prices, fewer choices, or less innovation.

What are the 5 consumer protection agencies?

Agencies of Consumer Protection in Nigeria: Full List

  • Standard Organization of Nigeria (SON)
  • Consumer Protection Council (CPC)
  • Directorate of Consumer Protection (DCP)
  • National Agency for Food and Drug Administration and Control (NAFDAC)
  • Nigerian Communications Commission (NCC)
IMPORTANT:  What makes a great security manager?

Which federal agencies oversees environmental safety concerns quizlet?

The U.S. Environmental Protection Agency (EPA) is responsible for the protection of human health and the environment. EPA: Provides technical assistance to support recovery planning of public health and infrastructure, such as waste water treatment plants.

What agency enforces free enterprise?

The Securities and Exchange Commission (SEC) protects investors and the Environmental Protection Agency (EPA) protects the environment. The Federal Trade Commission (FTC) enforces the principles of a free enterprise system.

What are the 4 roles of government in a free enterprise system?

Government has become involved in the American free enterprise system because its citizens want it that way. Government passes laws to help protect citizens from false advertising, unsafe food and drugs, environmental hazards, and unsafe products. Education, highways, public welfare, and many others.

How do federal agencies protect consumers quizlet?

The primary federal agency that protects consumers; protects business as well as consumers. Regulates unfair or deceptive acts or practices. Prohibits deceptive labeling of certain consumer products and require disclosure of certain important information. … Regulates the consumer credit reporting industry.

What is the Federal consumer Information Center?

USAGov, formerly known as the Federal Citizen Information Center, provides free, timely, and useful government information to the public through websites USA.gov and USA.gov en español, and operates the USAGov Contact Center.