The total costs of regulation
A. are paid entirely by the regulated industries.
B. are much higher than just the explicit government outlays to fund the administration of various regulations.
C. include increased taxes and increased prices of the products being regulated.
D. are paid entirely by the consumers of regulated industries.
Answer: B
You might also like to view...
The table above gives data for the nation of Syldavia. The current account has a
A) balance of $320 billion. B) $40 billion surplus. C) $40 billion deficit. D) $50 billion deficit. E) $30 billion deficit.
When the U.S. government removes investment tax credits:
a. consumption spending falls. b. the return on investment increases. c. capacity utilization in the economy expands. d. the cost of capital increases. e. technological innovation advances more rapidly.
In the aftermath of the human devastation and misery of the Great Depression, many people—including many economists—became more aware of
a. the need for independence in the market-oriented economic system. b. the need to replace the market-oriented economic system. c. vulnerabilities within the market-oriented economic system. d. the strengths of the market-oriented economic system.
As a substitute for laboratory experiments, economists use evidence available through history's