Whenever a Regulatory System Is Set Up, Individuals or Firms

question 68

Multiple Choice

Whenever a regulatory system is set up, individuals or firms being regulated will figure out ways to get around these regulations. This is referred to as the law of:

• A)diminishing returns.
• B)unintended consequences.
• C)diminishing control.
• D)demand.

---

Definitions:

Parental

Relating to a parent or parents, encompassing aspects of nurturing, raising, and providing for offspring.

Richard Wanner

Without additional context, this appears to refer to an individual's name rather than a widely recognized key term.

Horizontal Mobility

The movement of an individual or group within the same social status or class, often through changing occupations or roles.

Intergenerational Mobility

The movement or changes in social status and economic position from one generation to another within a family or social group.