Economists Generally Agree That If the ______ of Consumer Protection

question 29

Multiple Choice

Economists generally agree that if the ______ of consumer protection ______ the ________, the regulations should be _______.

• A) costs; exceed; benefits; continued
• B) benefits; exceed; costs; discontinued
• C) costs; are less than; benefits; continued.
• D) benefits; equal; costs; discontinued

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Definitions:

Business Cycle

The natural fluctuation of economic activity over time, marked by periods of expansion, peak, contraction, and trough.

Recovery Stage

A phase in the economic cycle or in the lifecycle of a project where performance begins to improve after a period of decline or recession.

Business Spending

The expenditure by businesses on goods and services, including capital goods and labor.

Consumer Spending

The total amount of money spent by consumers on goods and services within an economy.