A Consumer's Right to Choose Refers to

question 91

Multiple Choice

A consumer's right to choose refers to

• A) his right to have an inventory of more than one to choose from.
• B) her right to decide what store to buy from.
• C) his right to eliminate products that do not meet his needs.
• D) the assurance that competition is working effectively.

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Definitions:

Importance

The state or fact of being of great significance or value.

Productive Efficiency

A situation where an economy or a production process is not able to produce more of one good without reducing the production of another good, operating on its production possibilities frontier.

Economy

A system of production, distribution, and consumption of goods and services within a particular geographic area.

U.S. Economy

The economic system of the United States, characterized by a combination of free-market and planned economic activities, and is one of the largest economies globally.