Bill C-52 Proposed a New System Designed to Regulate Consumer

question 19

Multiple Choice

Bill C-52 proposed a new system designed to regulate consumer products posing dangers to human health and safety, but with the calling of an election in 2008, the bill failed to be brought into law. Under the ensuing minority government, the bill was re-introduced as Bill C-6. If Bill C-6 is eventually passed and implemented, which of the following is a valid criterion that may be used to measure the effectiveness of the new regulations?

• A) How did business convince the government to limit regulation to Bill C-6?
• B) Will global trade growth make the problems more challenging?
• C) How effective can the law be at addressing such widespread problems?
• D) Will government devote adequate resources to enforcement?

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Definitions:

Stable Demand

A market condition where the desire for a product or service remains consistent over a period of time.

Quality Competition

A market scenario where companies compete based on the quality of their offerings rather than on price alone, aiming to attract discerning customers.

Cartel Agreements

Formal arrangements between competing firms in the same industry to control prices, limit production, or divide markets to maximize profits and reduce competition.

Secretly Raising

Covertly increasing the level, amount, or degree of something, often done without public or open acknowledgment.