Identify a True Statement About the Food and Drug Administration

question 1

Multiple Choice

Identify a true statement about the Food and Drug Administration (FDA) .

• A)The FDA is empowered to impose fines although it does not have the authority to remove dangerous drugs from the market.
• B)The FDA can regulate tobacco ingredients,including nicotine,but the agency is not yet exercising that power.
• C)The 2011 Food Safety and Modernization Act reduced the food safety powers of the FDA.
• D)The food safety burden for imported food lies primarily with customers as it does not come under the FDA's jurisdiction.

---

Definitions:

Demand for Gasoline

The consumer's desire and willingness to pay for gasoline, influenced by its price, consumer income, and the prices of substitutes and complements.

Inelastic Demand

A market condition in which the demand for a product does not change significantly when its price increases or decreases.

Necessity

A requirement or an indispensable item essential for survival or the functioning of a system.

Price of the Product

The financial cost of acquiring a good or service.