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What is done with the costs of complying with consumer-protection regulations?

  • Question 8c of 10 - Consumer protection regulations

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: What is done with the costs of complying with consumer-protection regulations?
  • Answers:
  1. eventually passed on to consumers in the form of higher prices
  2. absorbed by producers who are forced to cut into profits
  3. reduced by transfer payments enabled by revenue tariffs
  4. shouldered by workers in the form of decreased wages

The correct answer is: eventually passed on to consumers in the form of higher prices. Complying with consumer-protection regulations costs producers money, which increases production costs that are eventually passed along to consumers in the form of higher prices.

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