An economist would be most likely to advocate for regulation under which of the following scenarios?

A. It was politically popular.
B. Scientific evidence suggested regulation was an appropriate solution.
C. There was a strong philosophical argument in favor of regulation.
D. Never. Economists find all regulation to be inefficient.


Answer: B

Economics

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Which of the following is FALSE?

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Which of the following statements about the perfect competitor is INCORRECT?

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Economics

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Economics