Economists generally oppose direct regulation because:
A. it is generally unfair.
B. it is unlikely to achieve the desired end as efficiently as possible.
C. it assumes that people behave rationally.
D. it does not assume that people behave rationally.
Answer: B
You might also like to view...
Utilitarianism argues that
A) Only equality brings efficiency. B) There is a tradeoff between equality and efficiency. C) The result is fair if the rules are fair. D) The competitive market is fair.
Stephen R. Covey's book The 7 Habits of Highly Effective People has as the final 7th Habit the following:
a. Sharpen the saw b. Be proactive c. Synergize d. Think win-win
The price elasticity of demand helps determine the effect of price changes on a firm's
a. property taxes b. profits c. quantity supplied d. revenues e. total costs
Static effects are the overall growth in the market and the impact on a company caused by expanding production and by the company's ability to achieve greater economies of scale.
a. true b. false