If Increased Regulation and New Regulations Increase the Cost to Businesses

question 74

Multiple Choice

If increased regulation and new regulations increase the cost to businesses

• A) small businesses are greatly advantaged.
• B) the cost is equally shared by small and large businesses.
• C) small businesses find it harder to compete.
• D) All of the above are true.

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Definitions:

Population Growth

The increase in the number of individuals in a population over a specific period of time.

Real Per Capita Output

The total real output of an economy divided by the population, measuring the average economic output per person in real terms, adjusted for inflation.

Real Output

The quantity of goods and services produced, adjusted for inflation, reflecting the actual productivity of an economy.

Real GDP

Gross domestic product adjusted for inflation; gross domestic product in a year divided by the GDP price index for that year, the index expressed as a decimal.