The Food and Drug Administration (FDA) is part of federal govenment\'s Departmen

Question

The Food and Drug Administration (FDA) is part of federal govenment's Department of Health and Human Services. Among its other functions, the FDA evalats he saety and efecteress of dhs and medical devices. FDA approval had to be granted before OraSure was allowed to market its home HIV test. In a centraly planned economy, the govenment decides how resources willbt alocated. In a market economy, the decisions of households and firms interacting in markets alocate resouroes e regulation of the production and sale of drugs and medical devices in the United States is an example of how esources are aloatedia ontrals whether the drug can be used A. O B. centrally planned economy because the governmen market C. market economy because the drug development, and the resources alocated to the development, cocurs in the market D, centrally planned economy because the FDA is part of the govemment and this involves central planing

Explanation / Answer

Ans: Market economy because the drug development, and the resources allocated to the development, occurs in the market.

Explanation:

The answer statement itself is an explanation.

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