One Problem That Might Occur as a Result of Economic

question 17

Multiple Choice

One problem that might occur as a result of economic regulation is

• A) the firm may be earning more than a normal rate of return on investment.
• B) the quality of service might be lowered.
• C) that social regulation may follow.
• D) the demand for the good may be greater than the supply.

Understand the main ethical considerations in research and the ability to provide examples of each.

Identify and evaluate issues encountered in participant observation, including developing strategies to address these issues.

Compare and contrast participant observation and survey research, including their strengths and weaknesses.

Analyze the strengths and weaknesses of survey research in comparison to the experimental method, and determine their suitability for different research purposes.

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Definitions:

Excise Tax

A tax levied on specific goods, services, or transactions, often included in the price of products like tobacco, alcohol, and gasoline.

Deadweight Loss

The loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.

Tax Revenues

The income that is gained by governments through taxation, which is then used to fund public services and infrastructure.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium outcome is not achievable or not achieved in a market.