The Statement "Warning: the Surgeon General Has Determined That Cigarette

question 11

Multiple Choice

The statement "Warning: The Surgeon General Has Determined That Cigarette Smoking Is Dangerous to Your Health" supports which of the following consumer rights?

• A) the right to safety and to be informed
• B) the right to be heard and to be informed
• C) the right to work and to be informed
• D) the right to safety and to be heard

---

Definitions:

Externalities

Economic side effects or consequences of commercial activities that affect other parties without being reflected in the cost of the goods or services involved.

Market Failure

A less than efficient allocation of resources.

Public Goods

Public goods refer to commodities or services that are made available to all members of a society, typically funded by the government, and characterized by non-excludability and non-rivalry in consumption.

Externalities

Consequences of an economic activity experienced by unrelated third parties; can be positive or negative.