How Did the Obama Administration Differ from the Reagan and Bush

question 38

Multiple Choice

How did the Obama administration differ from the Reagan and Bush administrations with respect to business ethics?

• A) It sought to increase environmental protection while decreasing consumer protection regulation.
• B) It sought to decrease general regulation of business.
• C) It sought to increase general regulation of business.
• D) It did not make regulation or deregulation of business a priority.

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Definitions:

Ideally

In a perfect or most suitable way, often used to describe an optimal condition or scenario.

Very Elastic

A description of a demand or supply curve which shows that the quantity demanded or supplied changes significantly as price changes.

Unit Elastic

A situation in which a one percent change in price causes an equal percentage change in quantity demanded or supplied.

Very Inelastic

Describes a situation where the demand or supply for a product is barely affected by changes in the price.