Question 4 (5 points) A consumer protection view on rights and law emphasizes that consumers need protection from their own lack of knowledge, judgment, or interest. True False

True! The consumer protection view asserts that consumers, often facing information asymmetry, may not always make the best choices regarding products or services. This perspective highlights the need for laws and regulations to safeguard consumers from exploitation and ensure they can make informed decisions. Additionally, many countries have established agencies to enforce consumer rights, ensuring that businesses adhere to ethical practices. For instance, in the U.S., the Federal Trade Commission (FTC) plays a crucial role in preventing deceptive advertising and protecting consumers' rights. This ongoing vigilance helps create a fairer market where consumers can feel confident in their purchases!