The Following Are Actions That the FDA Can Take in Regulating

question 23

Multiple Choice

The following are actions that the FDA can take in regulating cosmetics except:

• A) prohibiting the distribution of misbranded cosmetics
• B) requiring proper labeling
• C) removing from commerce cosmetics that contain unsubstantiated claims of growing hair
• D) ordering sellers of ineffective products to provide purchasers with an effective substitute

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Definitions:

Shortage

An instance in the marketplace where the need for a product or service outstrips its provision.

Equilibrium Price

The cost at which the supply and demand for goods are equal.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price in a specified period.

Quantity Supplied

The quantity of a service or good that is available for sale by producers who are ready and able to sell at a particular price, over an agreed period.