Which laws protect buyers and sellers?

• A. Labor laws
• B. Consumer protection laws such as the FDA and FTC
• C. Tax laws
• D. Immigration laws

Answer: (B)

Consumer protection laws are designed to ensure fair dealing and safety in the marketplace. They require truthful advertising, prevent deceptive practices, set product safety standards, and provide remedies when goods are defective or mislabeled. Agencies like the FDA oversee foods, drugs, and cosmetics to ensure safety and honest claims, while the FTC enforces truth in advertising and fair competition. This framework helps buyers trust what they purchase and gives sellers clear rules to follow. Other laws focus on different areas—labor laws protect workers, tax laws govern government revenue, and immigration laws regulate entry and residency—so they don’t directly protect buyers and sellers in everyday transactions.