Discuss the arguments for a systematic reduction in regulation by government agencies
Among the arguments that should be included are: over-regulation hampers innovation and productivity; costs of compliance with the multiplicity of rules and regulations outweigh actual benefits to individuals and society; costs imposed on business firms are usually passed on to consumers in higher prices; and competition with foreign producers becomes difficult because they are not subject to regulations, therefore we repeatedly suffer from an unfavorable balance of trade.
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Which of the following is a critical thinking skill?
A. self-denial B. strictness C. lack of precision D. rationality
How do interest rates affect the optimal order quantity Q*?
A) As interest rates increase, Q* increases until it reaches a maximum, after which any further increase in interest causes a decline in Q*. B) As interest rates decrease, Q* decreases. C) As interest rates increase, Q* decreases. D) None of the above
The company offering a discount on accounts payable is trying to ________ and the firm that pays on time rather than taking a discount is attempting to ________
A) speed up cash outflow; slow down cash inflow B) speed up cash inflow; slow down cash inflow C) speed up cash inflow; slow down cash outflow D) speed up cash outflow; slow down cash outflow
Although China has pollution laws similar to U.S. environmental laws:
a. there is little enforcement b. enforcement is much stronger in China c. penalties are much harsher d. people are more easily regulated because they are more respectful of regulatory agencies e. it really doesn't need them due to their focus on clean technologies