"Consumer Sovereignty" Refers to the

question 172

Multiple Choice

"Consumer sovereignty" refers to the

• A) fact that resource prices are higher than product prices in capitalistic economies.
• B) idea that the pursuit of self-interest is in the public interest.
• C) idea that the decisions of producers must ultimately conform to consumer demands.
• D) fact that a federal agency exists to protect consumers from harmful and defective products.

---

Definitions:

Polarized Positions

Intensely divided stances or opinions that result in a significant gap between parties, often hindering agreement or compromise.

Intractable Conflicts

Disputes that are stubbornly resistant to resolution or compromise.

Dimensions

Different aspects, elements, or features that characterize a situation or concept.

Role Reversal

A technique in conflict resolution or negotiation where parties swap positions to understand the other's perspective better.