One Cost of Consumer Protection Laws Is a Reduction in Individual

question 12

True/False

One cost of consumer protection laws is a reduction in individual freedom of choice.

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Definitions:

Aristotle

An ancient Greek philosopher and polymath, a student of Plato and teacher of Alexander the Great, whose works covered various subjects including physics, metaphysics, poetry, theater, music, logic, rhetoric, politics, government, ethics, biology, and zoology.

Virtues

Qualities or traits deemed to be morally good and desirable in a person, such as honesty, courage, and compassion.

Ethical Altruism

The thesis that people ought to act in the interests of others.

Psychological Egoism

The theory that suggests all human actions are motivated by self-interest, even in what seem to be acts of altruism.