Regulation focused on the impact of production on the environment and society, the working conditions under which production occurs, or the physical attributes of goods, is known as
A. social regulation.
B. economic regulation.
C. rate-of-return regulation.
D. cost-of-service regulation.
Answer: A
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In 2012, direct government purchases equaled ________ percent of expenditures of all levels of government
A) 71 B) 42 C) 26 D) 55
Widespread assumptions about the first transatlantic railroad did NOT include:
a. that government support was as essential. b. that profits to the nation would be enormous. c. that private investors would be easily compensated for any risk. d. that transatlantic crossing via rail would take a fraction of the time of a clipper ship passage.
In practice, regulatory boards try to set the price of a natural monopoly so that price covers a normal return on capital investment. As a result:
A. there is an incentive to use more equipment. B. the price of equipment should decrease. C. there is an incentive to use less equipment. D. the incentive to use equipment stays the same.
The government's court case against Microsoft is an example of:
A. predatory pricing. B. antitrust enforcement. C. economic regulation. D. the regulatory dilemma.