Regarding the costs of regulation, which is a FALSE statement?

A) Airline safety standards have increased the price of air travel.
B) Automobile safety standards raise the price of cars.
C) Regulatory spending by federal agencies has decreased since 1970.
D) Pharmaceutical manufacturing safety standards raise the price of drugs.


Answer: C

Economics

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a. True b. False

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Because almost all economists oppose policies that restrict trade among nations, policymakers do not restrict imports of certain goods

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