Things that have already been produced that are in turn used to produce other goods and services over time are called "capital."

In the 1960s and 1970s the U.S. passed several major consumer safety laws, including the Flammable Fabrics Act and the Child Protection Act. The economic impact of such legislation may include all of the following except:

a. reducing the price of the regulated product. b. increasing the cost of producing the regulated product. c. reducing the supply of the regulated product. d. reducing competition within the regulated industry.

Which term refers to a situation in which a retailer agrees to sell only products from one manufacturer?

a. Exclusive dealing b. Natural monopoly c. Bundling d. Tying sales