One of the Problems Associated with Trying to Assess the Benefits

question 53

Multiple Choice

One of the problems associated with trying to assess the benefits of consumer protection laws is that they have often induced:

• A) the exact behavior desired.
• B) behavioral changes that worked against the intent of the regulation.
• C) people to drive more carefully because of automobile safety requirements.
• D) manufacturers to target children as potential customers for illegal drugs.

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Definitions:

Adequacy of Consideration

An evaluation of whether the value exchanged between parties in a contract is reasonably fair at the time of the agreement.

Bargained-for Exchange

An essential principle of contract law involving the mutual exchange of promises or consideration between parties entering an agreement.

Legal Sufficiency

The adequacy of evidence or legal grounding in an agreement, claim, or defense that meets minimum legal standards to proceed or withstand scrutiny in a court of law.

Legal Right

An entitlement derived from a legal system that allows or empowers a person to act in a certain way or requires others to interact with the person according to specified rules.