Which of the following is a drawback of command-and-control regulation?
a. Applying the same standard to all firms
b. Being enforced by industry executives
c. Providing too much flexibility
d. Relying too heavily on market tools
a. Applying the same standard to all firms
A drawback of command-and-control regulation is that the approach applies the same standard to all firms.
You might also like to view...
Which of the following will lead to a decrease in the gross domestic product of a country?
A) An increase in the expenditure on investment B) An increase in exports C) A decrease in the expenditure incurred by the government D) A decrease in imports
Consider debt-equity swaps as an approach to debt reduction. Briefly describe how this works. State two arguments in favor of significant reliance on this strategy and two arguments against
What will be an ideal response?
According to the definitions of national saving and private saving, if Y, C, and G remained the same, an increase in taxes would
a. raise both national saving and private saving. b. raise national saving and reduce private saving. c. leave national saving and private saving unchanged. d. leave national saving unchanged and reduce private saving.
In the short-run, following the opening of trade
A. inputs move across sectors, but input returns remain constant. B. workers in all sectors will receive lower wages due to cheap imports. C. factor payments in the import-competing sectors will decline. D. the supply of resources to the export-oriented sectors will decline.