Question

Consumer-protection regulations are beneficial because they lead to what?

Responses

increased international competition

increased international competition

equitable distribution of wealth

equitable distribution of wealth

decrease in injuries and death

decrease in injuries and death

lower prices for consumers
















































































Question
Why do government regulations lead to higher prices for consumers?

Responses

Most regulations result in transfer payments.

Most regulations result in transfer payments.

Regulations have a diminishing marginal utility.

Regulations have a diminishing marginal utility.

Enforcement of these regulations raises taxes.

Enforcement of these regulations raises taxes.

The costs of compliance are passed on to the consumer.














Question
Which of these is not necessary for the enforcement of consumer-protection regulations?

Responses

safety testing

safety testing

budget allocations

budget allocations

government agencies

government agencies

censorship








Question
Which is provided by consumers in the circular flow of the free-market system?

Responses

interest-free loans

interest-free loans

individual goods

individual goods

labor and investment

labor and investment

public goods

Answer 1

1) Decrease in injuries and death

2) The costs of compliance are passed on to the consumer.

3) Censorship

4) Labor and investment