As a Result of Passage of the Consumer Product Safety

question 70

Multiple Choice

As a result of passage of the Consumer Product Safety Act,

• A)some businesspeople may go to jail if they offer unsafe products.
• B)consumers will be more willing to pay for safer products in the future.
• C)product-related injuries will be eliminated in the future.
• D)producers are no longer liable for an injury if it is the consumer's fault.
• E)All these answers are correct.

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Definitions:

Face Value

The nominal value printed on a bond, currency, or ticket, which may differ from its market value or purchase price.

Rational Investor

An individual who makes investment decisions based on logic and factual analysis rather than emotion or hearsay, aiming to maximize returns while minimizing risks.

Face Value

The nominal value or dollar value printed on a security, such as a bond or stock, which indicates its worth at issuance or maturity.

Interest Payment

A payment made to a lender by a borrower in exchange for the use of borrowed money, typically a percentage of the principal.