Exploring Economics
8th Edition
ISBN: 9781544336329
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
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Chapter 9, Problem 4P
To determine
If regulation can be progressive or regressive.
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selects and explains how the selected type of regulation works and how the government achieves social efficiency through its implementation.
Name several nongovernmental regulatory forces.Do you believe self-regulation is more or lesseffective than governmental regulatoryagencies? Why?
Why should regulatory regimes be ‘proportionate’ and ‘real-time’? What are the fundamental building blocks?
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- KA. 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_forwardDoes the case Plessy v. Ferguson ring a bell for some of you? What was that case about? What was the specific constitutional challenge involved? (What does that mean - when someone challenges the constitutionality of a law - is it more than simply alleging that "that law is bad?")arrow_forwardExplain the meaning of economic and juridical double taxation by also giving two examples.arrow_forward
- How does social protection, as an area of government spending, both positively and negatively impact a business?arrow_forwardWhy might citizens interested in maximizing economic efficiency be happy to invest their government with the right to coerce them in at least some situations?arrow_forwardQd = 180 - 2P, Qs = ‐ 15 + P The market is government-regulated with a price support per unit and production quotas. If the price is set at $72 per unit, what production quota is needed to make sure there are no shortages or surpluses? a.an increase in the demand for the good. new demand equation is Qd = 190 - 2P. The government is trying to decide between two options: Maintain the number of quotas and let the market adjust, or Maintain the price support and increase the number of quotas. Suppose that the government decides to maintain the number of quotas and let the market adjust, what is: The price observed in the market? The consumer surplus? The producer surplus? The deadweight loss? b. Suppose the government decides to increase the number of quotas available to 72 units but it keeps the price support at the current level of $72, what is: The consumer surplus? The producer surplus? The deadweight loss? c. Which of the government options in 1a. will be preferred by: The Producers?…arrow_forward
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