Which of the Following Is Most Likely a Result of Regulations

question 149

Multiple Choice

Which of the following is most likely a result of regulations set up by the Food and Drug Administration and the Consumer Product Safety Commission?

• A) The time between new product ideas and their introduction to the market has decreased.
• B) Annual spending on research and development has decreased.
• C) Research costs for companies have risen.
• D) Product innovation has significantly declined.
• E) Marketers have grown increasingly apathetic toward meeting safety standards.

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Definitions:

Budget Line

An illustration showing every possible mix of two products that can be acquired with a certain amount of money, assuming the prices are constant.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given income and prices.

Weekly Income

The total amount of money earned or received by an individual or household within a week.

Doughnuts

A type of fried dough confection or dessert food, commonly shaped in rings or flattened spheres that sometimes contain fillings.