If New Regulations Make It Illegal to Sell Older Model

question 133

Multiple Choice

If new regulations make it illegal to sell older model electrical appliances, then

• A) producers of new models that meet the regulations will see demand for their output rise.
• B) consumers who might have purchased to older appliances are clearly made better off.
• C) consumers are helped, but the profits of appliance producers are not affected.
• D) consumers will certainly gain from the change.

---

Definitions:

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured, either reimbursing the insured for expenses incurred from illness or injury, or paying the care provider directly.

Social Security

A federal government program in the United States that provides retirement, disability, and survivors' benefits to eligible individuals.

Contributory Program

A social program financed through the contributions of its participants, often via taxes or premiums, providing benefits based on those contributions.

Social Security

A government program that provides financial assistance to people who are retired, disabled, or otherwise eligible for benefits based on their earnings records.