Many government imposed regulations on markets are based on the presumption that consumers are _______ , but often do not have _______ to make choices in their best interests.
A) rational; sufficient information
B) irrational; the will
C) willing; the determination
D) rational; sufficient incomes

Question

Quizplus · Accepted Answer

The statement suggests that government regulations assume consumers are rational, but lack sufficient information to make optimal choices. Option A accurately reflects this assumption. Option B is incorrect because irrationality is not the focus of the statement. Option C is incorrect because willingness and determination are not relevant to the argument. Option D is incorrect because income is not mentioned as a factor affecting consumer decision-making in this context.

Many Government Imposed Regulations on Markets Are Based on the Presumption