EBK MICROECONOMICS
2nd Edition
ISBN: 8220103679701
Author: List
Publisher: YUZU
expand_more
expand_more
format_list_bulleted
Question
Chapter 10, Problem 9Q
To determine
The definition of direct regulation along with its examples.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Name several nongovernmental regulatory forces.Do you believe self-regulation is more or lesseffective than governmental regulatoryagencies? Why?
Briefly discuss multiplue government interventions in the market that you would consider an intervention that, is not worth the loss of efficiency (deadweight loss) in the economy.
What are the indicators from which the weaknesses of the regulatory system were deduced?
Knowledge Booster
Similar questions
- When Microsoft was founded, the company devoted very few resources to lobbying activities. After a high-profile antitrust case against it, however, the company began to lobby heavily. Why does it make financial sense for companies to invest in lobbyists?arrow_forwardBriefly explain any three economic roles of a governmentarrow_forwardWith rent-controlled, why do landlords not want to put more investments into their old buildings with such great views as New York?arrow_forward
- selects and explains how the selected type of regulation works and how the government achieves social efficiency through its implementation.arrow_forwardKA. Loans made to students by the U.S. Department of Education are referred to as: a. direct student loans. b. deferred student loans. c. subsidized student loans. d. guaranteed student loans Recent evidence indicates that states: a. have taken a much more aggressive role in limiting the ability of local governments to enact regulations. b. have taken a less aggressive approach to how local governments enact regulation. c. have taken away local governments' ability to enact regulation. d. have appointed individuals to city councils.arrow_forwardIs it possible to be used partly for public purpose and partly private purpose without violating the limitation that a tax must be for public purpose?arrow_forward
- Summarize your views on whether a glut or overproduction -excess supply of all goods in an economy- is possible or not. Refer to economists in the 18th and 19th centuries. hello can you help me? I need a short explanation(a few sentences). thanks.arrow_forwarddiscuss in detail the process of privatizationarrow_forwardWhat is the difference between government regulation and government intervention in the market?arrow_forward
- Explain the concept of market failure and its implications for both governments and businessesarrow_forwardHow does a government agency raise revenue differently from a private company, and how does that affect the way government makes decisions compared to business decisions?arrow_forwardIncome tax is an example ofarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Economics (MindTap Course List)EconomicsISBN:9781337617383Author:Roger A. ArnoldPublisher:Cengage Learning
Exploring EconomicsEconomicsISBN:9781544336329Author:Robert L. SextonPublisher:SAGE Publications, Inc
Microeconomics: Private and Public Choice (MindTa...EconomicsISBN:9781305506893Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...EconomicsISBN:9781305506725Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Macroeconomics: Private and Public Choice (MindTa...EconomicsISBN:9781305506756Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning
Exploring Economics
Economics
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:SAGE Publications, Inc
Microeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...
Economics
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Macroeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning