Which of the Following Federal Agencies Is the Consumer Protection

question 7

Multiple Choice

Which of the following federal agencies is the consumer protection agency with authority for safety of foods and safety and efficacy of drugs?

• A) National Institutes of Health (NIH)
• B) Food and Drug Administration (FDA)
• C) Centers for Disease Control and Prevention (CDC)
• D) Health Resources and Services Administration (HRSA)
• E) Agency for Healthcare Research and Quality (AHRQ)

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Definitions:

Market Shift

A change in the supply or demand conditions in a market, leading to a new equilibrium of prices and quantities.

Gasoline

A fluid energy source obtained from crude oil, predominantly utilized to operate engines based on internal combustion.

Supply (S)

The total amount of a specific good or service that is available to consumers at various prices over a certain period.

Demand (D)

In economic terms, the quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.