Question

Most critics of unfair trade practice laws are concerned that such laws
•encourage mercantilism
• fail to protect poor consumers
•serve as protectionist trade barriers
•promote globalization

Answer 1

Answer :- Option "c" is the correct Answer

Most critics of unfair trade practice laws are concerned that such laws serve as protectionist trade barrier.

Agreements to control or fix prices which reduces competition and leads to higher prices for consumers.

-false and misleading advertising which deceives consumers into believing a product is better or less expensive than it is.

-illegal lotteries and confidence games

- unfair pricing and service

-mislabeled goods

- used articles sold as new

The Unfair Trade Practices Act is divided into two parts which are Unfair Marketing practices and Unfair Claims practices.