Regulatory Efforts Aimed at Protecting Consumers Have Not

question 102

Multiple Choice

Regulatory efforts aimed at protecting consumers have not:

• A) benefited them.
• B) increased costs of some goods and services.
• C) caused prices of some goods and services to increase.
• D) been universally denounced by economists, even if they stress the costs involved.

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Definitions:

Unconscionability

A condition in contract law where an agreement is so unfairly one-sided that it is considered oppressive or shockingly unjust.

Expressly Conditional

Refers to a condition explicitly stated or formally specified, usually within a contract or legal agreement.

Interpret

To explain the meaning of something; to understand or explain something in a specific way, particularly in the context of languages, laws, or texts.

Agreement In Force

A legal term referring to a contract or agreement that is currently active and legally binding.