One undesirable effect of social regulation is that it
A) affects smaller firms disproportionately, creating anticompetitive effects.
B) destroys incentives for firms to engage in marginal cost pricing.
C) raises prices of goods to consumers, while lowering prices to business and special interest groups.
D) reduces the effectiveness of economic regulation.
A
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The health care system in Japan is referred to as ________, under which every resident of Japan is required to enroll in either a private, or the government-provided, health insurance program
A) an out-of-pocket system B) a single-payer health care system C) a universal health insurance system D) socialized medicine
What were the principal causes of the U.S. government budget deficits of the 1980s? How did these budget deficits lead to the twin deficits? According to the Ricardian equivalence proposition, should twin deficits arise as a result of tax cuts?
What will be an ideal response?