Which of the following is NOT true?
a. Social regulation affects the conditions under which goods and services are produced and the physical characteristics of the products manufactured.
b. Social regulation arose out of a concern for reducing public exposure to risk.
c. Social regulation and economic regulation are interchangeable terms.
d. Economic regulation focuses on markets, rates, and the obligation to serve.
ANS: C
You might also like to view...
Historically, the Texas economy was based on what economic activity?
a) Telecommunications b) Agricultural commodities and raw materials c) Education d) Tourism e) Steel manufacturing
The era of 1968 to 1974 is often referred to as the era of
A. good feelings. B. the economic miracle. C. disestablishment. D. disillusionment.
The coattail effect is the tendency of state candidates to influence the election prospects of a presidential candidate
a. True b. False Indicate whether the statement is true or false
A sales tax, especially when food and medicine are subject to the tax, can be described as what type of tax?
A. point of purchase B. regressive C. business D. progressive