Regarding the Costs of Regulation, Which Is a FALSE Statement

question 131

Multiple Choice

Regarding the costs of regulation, which is a FALSE statement?

• A) Airline safety standards have increased the price of air travel.
• B) Automobile safety standards raise the price of cars.
• C) Regulatory spending by federal agencies has decreased since 1970.
• D) Pharmaceutical manufacturing safety standards raise the price of drugs.

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Definitions:

Diuretic

A substance that promotes the production of urine, helping to remove excess fluids from the body.

Environmental Tobacco Smoke

The mixture of smoke from the burning end of a cigarette, pipe, or cigar, and the smoke exhaled by the smoker, also known as secondhand smoke.

Caffeine

A stimulant found in coffee, tea, chocolate, and some medications, known for its ability to enhance alertness and reduce feelings of fatigue.

Drug Misuse

The inappropriate or unsafe use of drugs, including prescription medication, over-the-counter drugs, alcohol, and illicit substances.