Which of the following statements can correctly be made about social regulation?I.Extensive social regulation may have an anticompetitive effect.II.The benefits of social regulation are easier to measure than are the costs of social regulation.
A. I only
B. II only
C. both I and II
D. neither I nor II
Answer: A
You might also like to view...
What is the social interest theory of regulation? How does it differ from the capture theory of regulation?
What will be an ideal response?
A change in taxes of a given amount shifts the consumption function vertically by ____ than that amount, because the marginal propensity to consume is ____
a. less; less than 1 b. greater; greater than 1 c. greater; always equal to 1. d. less; equal to zero.
A decrease in a broad index of commodity prices suggests to the Fed that
a. money is plentiful, and the Fed should conduct restrictive policy. b. money is plentiful, and the Fed should conduct expansionary policy. c. deflation is a potential future danger, and the Fed should conduct expansionary policy. d. future prices will likely increase, and the Fed should conduct expansionary policy.
If the economy is inside the production possibilities curve, then more output can be produced using existing resources.
Answer the following statement true (T) or false (F)