Economists generally oppose direct regulation because:
A. it is generally unfair.
B. it is unlikely to achieve the desired end as efficiently as possible.
C. it assumes that people behave rationally.
D. it does not assume that people behave rationally.
Answer: B
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The money demand curve has a
A) positive slope because an increase in the price level increases the quantity of money demanded. B) negative slope because an increase in the interest rate decreases the quantity of money demanded. C) negative slope because an increase in the price level decreases the quantity of money demanded. D) positive slope because an increase in the interest rate increases the quantity of money demanded.
Which of the following taxes is most likely to be regressive?
A. Personal income taxes B. Corporate income taxes C. Estate taxes D. General sales taxes