The Federal Drug Administration Slows the Pace at Which Helpful

question 140

Multiple Choice

The Federal Drug Administration slows the pace at which helpful medications reach the marketplace.The alternative of having the medication available to consumers earlier is an example of:

• A) the opportunity cost of the Federal Drug Administration's regulation.
• B) how easy it is to identify and evaluate sunk costs.
• C) the marginal benefit of the Federal Drug Administration's regulation.
• D) promoting consumer health in the population.

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Definitions:

Sale

A transaction between two parties where the buyer receives goods, services, or assets in exchange for money or other forms of compensation.

Issuing Bonds

The process of a borrower offering bonds to investors as a form of debt securities to raise capital.

Discount

A reduction in the price of goods or services offered by a seller, or the amount by which a bond is sold below its par value.