Economists Generally Oppose Direct Regulation Because

question 146

Multiple Choice

Economists generally oppose direct regulation because:

• A) it is unlikely to achieve the desired end as efficiently as possible.
• B) it assumes that people behave rationally.
• C) it is generally unfair.
• D) it does not assume that people behave rationally.

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Definitions:

Henry II

A King of England from 1154 to 1189, known for legal reforms that laid the basis for the English common law system.

Albrecht Wallenstein

A prominent military leader and mercenary during the Thirty Years' War, known for his strategy, leadership, and complex allegiances, influencing the outcome of numerous battles.

Protestantism

A branch of Christianity that originated with the Reformation, a movement against what its followers considered to be errors in the Roman Catholic Church.

Foreign Policy

A government's strategy in dealing with other nations, regarding diplomacy, trade, and military action.