What are the three tests or elements used by the FTC to determine ...

[mwit1967]

What are the three tests or elements used by the FTC to determine whether a particular act is an unfair trade practice?

Question 2

Members of the European Parliament, which represent the interest of their respective states are elected by residents of each state and are appointed for five-year terms.
  Indicate whether the statement is true or false

[triiciiaa]

Answer to Question 1

The FTC considers an act to be unfair if each of the following three tests is met: (1 ) the act causes the consumer substantial physical or financial injury; (2 ) the harm of the injury outweighs any countervailing benefit; and (3 ) the consumer could not reasonably avoid the injury. Additionally, the FTC may decide a practice is unfair on grounds it violates public policy even if the three tests mentioned above are not actually satisfied.

Answer to Question 2

FALSE

[mwit1967]

Thanks for the timely response, appreciate it

[ricroger]

Great answer, keep it coming