Mayor Bloomberg's Attempt to Cap the Portion Sizes of Sugar-Sweetened

question 9

True/False

Mayor Bloomberg's attempt to cap the portion sizes of sugar-sweetened drinks in New York City was an example of the application of "personal paternalism".

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Definitions:

Trading Investments

Assets held by a firm for the purpose of selling them in the short term to generate profit from price fluctuations.

Unrealized Gain

The increase in value of an asset that has not been sold, and thus the profit has not been realized as the asset remains part of the portfolio.

Income Statement

A report that outlines a company's financial activities, including earnings, expenses, and net profit or loss, during a particular accounting timeframe.

Fair Value

The estimated market value of an asset or liability, based on current prices in an open and competitive market.