Deregulation

question 47

Multiple Choice

Deregulation

• A)tends to improve outcomes in industries generating substantial negative externalities.
• B)eliminates regulatory capture and can improve outcomes by increasing competition.
• C)is most appropriate to undertake by government agencies responsible for human safety, financial regulation, and environmental protection.
• D)always generates greater economic efficiency.

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Definitions:

McDonaldization

The increasing and ubiquitous presence of the fast-food model in vast numbers of organizations.

Ritzer

George Ritzer is a sociologist known for his work on consumerism, globalization, and the McDonaldization of society, which describes when society adopts the characteristics of a fast-food restaurant.

Dimensions

Aspects or features that can be measured or used to define or describe something, often used in various contexts like physical dimensions or dimensions of an issue.

Fraternity and Sorority

Social organizations, primarily found in North American colleges and universities, that are based on a system of brotherhood or sisterhood.