Explain which of the following government policies would tend to make more sense in terms of consumer protection: The licensure of interior designers or the licensure of pharmacists
What will be an ideal response?
It is likely that there is little consumer benefit from licensing interior designers. If a consumer does not like the taste or advice of an interior designer, it is easy to find another interior designer who is more in sync with the consumer's tastes, and there seems to be little health or safety benefits to licensure. Licensing pharmacists makes more sense because of the significant health issues that could arise due to the nature of correctly or incorrectly dispensing pharmaceuticals.
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In the second half of the twentieth century, the U.S. inflation rate was at its highest in the period from
A) 1960 to the early 1970s. B) the mid-1970s to the early 1980s. C) the mid-1980s to the early 1990s. D) 1990-2000.
Explain this quote from Adam Smith: “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner but from their regard to their own interest.”
Please provide the best answer for the statement.