Why Do Many Businesses Prefer Congress to Regulate the Economy

question 42

Multiple Choice

Why do many businesses prefer Congress to regulate the economy?

• A) Regulations are more cost-effective in the long run.
• B) One national regulation is better than the inconsistencies and disparities of different state laws.
• C) Businesses argue that regulations help to increase their market share.
• D) Regulations lead to a fairer and more equitable marketplace.
• E) Regulations help businesses net more profit.

Comprehend the phenomenon of the free-rider problem within large groups and strategies to overcome it.

Identify the informational benefits provided by many interest groups to their members.

Distinguish the different strategies interest groups use to influence public policy and opinion.

Recognize the significance of litigation as a strategy by interest groups to influence policy.

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Definitions:

Behavioural Approach

The behavioural approach in psychology focuses on observing and analyzing the observable and measurable aspects of behavior and the effects of learning and environment on behavior.

Organizations as Communities

The concept that organizations are social entities that reflect the collective behaviors and values of their members.

Harmony

A state of agreement or concord, often characterized by a peaceful and cooperative relationship among individuals or groups.

Bureaucracy

A system of administration characterized by strict policies, procedures, and hierarchy, often within a government or large organization.