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:

Homo Habilis

An extinct species of early human that lived approximately 2.1 to 1.5 million years ago, known for using stone tools.

First Tools

Early human-made objects, such as stone tools, used to perform various tasks and represent a significant advancement in human evolutionary history.

Chimpanzee

A species of great ape native to the forests and savannahs of tropical Africa, known for its intelligence and complex social behaviors.

Homo Neanderthalensis

An extinct species or subspecies of archaic humans who lived in Eurasia until about 40,000 years ago.