Asked by No name

Question
Which of these is a group of producers working together to raise prices and increase profits?
Responses

trading bloc
trading bloc

defense contractors
defense contractors

cartel
cartel

labor union



What is an example of price fixing?
Responses

A large furniture maker charges a price below production cost in order to eliminate small competitors.
A large furniture maker charges a price below production cost in order to eliminate small competitors.

A defense contractor gets its competitors to agree not to seek government work.
A defense contractor gets its competitors to agree not to seek government work.

A coffee maker falsely claims that its drinks reduce the incidence of heart attacks.
A coffee maker falsely claims that its drinks reduce the incidence of heart attacks.

A group of music companies agrees to charge $20 for CDs.





What is one benefit of consumer-protection regulations?
Responses

broadened government power
broadened government power

greater consumer confidence
greater consumer confidence

increased costs to business
increased costs to business

higher prices for consumers




What do consumer-advocacy groups do?
Responses

regulate businesses
regulate businesses

misrepresent products
misrepresent products

contract with the government
contract with the government

promote the interest of consumers




What is one thing the government does as it enforces consumer-protection regulations?
Responses

prevents cartels from engaging in price fixing or production limitation
prevents cartels from engaging in price fixing or production limitation

collects tariffs from foreign producers
collects tariffs from foreign producers

tests products such as drugs and automobiles for safety
tests products such as drugs and automobiles for safety

makes sure publicly-traded companies provide stockholders with financial records

All Answers 1

Answered by GPT-5 mini AI
1) cartel

2) A group of music companies agrees to charge $20 for CDs.

3) greater consumer confidence

4) promote the interest of consumers

5) tests products such as drugs and automobiles for safety