Which of the following statements is consistent with the notion that most consumer protection regulations work as intended?
A) Safety requirements in cars have led to increased reckless driving incidents.
B) Child-proof medicine containers appear to have made people more careless with medicines.
C) Whenever the cost of an activity is reduced, people will tend to do more of it.
D) There has been a significant reduction in fires caused by faulty electric wiring.
Correct Answer:
Verified
Q65: Regulatory efforts aimed at protecting consumers have
Q66: Consumer protection laws generally do not:
A) provide
Q67: Regulation of markets and enforcement of consumer
Q68: The public choice theory of regulation indicates
Q69: The capture theory of regulation indicates that
Q71: The idea that government regulations often end
Q72: The actions of regulatory agencies that promote
Q73: Public choice theory suggests that in the
Q74: The public choice theory of regulation rests
Q75: The Federal Communications Commission regulates:
A) sales of
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