All of the following are possible criticisms of social regulation EXCEPT
A) that the costs may outweigh the benefits.
B) that social regulation may create anticompetitive effects.
C) that the regulations have not resulted in safer working conditions.
D) that the regulations lead to higher production costs.
Answer: C
You might also like to view...
Which of the following is a danger of inflation?
a. Price changes can affect the people who sign long-term contracts. b. Rapid price changes reduce uncertainty. c. Anticipated inflation may be greater than unanticipated inflation. d. High rates of inflation will reduce interest rates.
When a minimum-wage law forces the wage to remain above the equilibrium level, it
a. raises both the quantity of labor supplied and the quantity of labor demanded compared to the equilibrium level. b. raises the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level. c. reduces the quantity of labor supplied and raises the quantity of labor demanded compared to the equilibrium level. d. reduces both the quantity of labor supplied and the quantity of labor demanded compared to the equilibrium level.