Which of the Following Is Among the Four Consumer Rights

question 111

Multiple Choice

Which of the following is among the four consumer rights identified by President John F.Kennedy in 1962?

• A)The right to be informed about a product
• B)The right to safe products
• C)The right to have products available
• D)The right to choose what to buy

Analyze the special-interest effect and its impact on policy-making.

Understand the challenges related to providing public goods and dealing with the free-rider problem.

Identify and explain sources of government failure.

Describe the characteristics and provision challenges of public and quasi-public goods.

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Definitions:

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Cognitive Shortcuts

Mental strategies or heuristics that simplify decision making by reducing the amount of processing required to come to conclusions.

Heuristics

Mental shortcuts or "rules of thumb" that simplify decision-making processes, often used unconsciously.

System I

A term from cognitive science referring to the fast, automatic, and often unconscious way of thinking, contrasted with slower, more deliberate thought.