Economists Generally Agree That If the ______ of Consumer Protection

question 29

Multiple Choice

Economists generally agree that if the ______ of consumer protection ______ the ________, the regulations should be _______.

• A) costs; exceed; benefits; continued
• B) benefits; exceed; costs; discontinued
• C) costs; are less than; benefits; continued.
• D) benefits; equal; costs; discontinued

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Definitions:

Markdowns

Reductions in the retail prices of goods, typically to stimulate sales or clear inventory.

Markup

The sum included in the goods' purchase price to account for operational costs and earnings.

Return on Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated as the net profit divided by the cost of the investment.

Selling Price

The price at which a product or service is sold to the consumer.