The benefits of social regulation usually are
A) always a zero sum.
B) obvious to people while the costs are hidden.
C) less than the costs of social regulation, reducing overall welfare.
D) difficult to measure.
Answer: D
You might also like to view...
What are the prerequisites of a good forecast?
What will be an ideal response?
Which of the following is TRUE about the political and market systems of voting?
A) The political voting system functions according to proportional rule, while the market voting system functions according to majority rule. B) The political voting system functions according to majority rule, while the market voting system functions according to proportional rule. C) The political voting system functions according to minority rule, while the market voting system functions according to majority rule. D) The political system and the market system are identical.
If a consumer's total expenditure on a good does not vary with price, then that consumer's demand curve is unit elastic over that range of prices
a. True b. False Indicate whether the statement is true or false
A large increase in the number of fast-food restaurants in a community is most likely to result in:
A. Lower prices and higher quality. B. Lower prices and lower quality. C. Higher prices and higher quality. D. Don't Know