Which of the Following Is Not the Purpose of Deregulation

question 5

Multiple Choice

Which of the following is not the purpose of deregulation?

• A) Removal of existing regulations
• B) Forgoing proposed regulations
• C) Minimize the complexity of regulations
• D) Create new regulations to clarify existing regulations

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Definitions:

Institutional Labor Economics

A field of economics that studies labor markets and employment relationships, focusing on the roles of institutions like unions, regulations, and policies.

Perfectly Efficient

Describes a hypothetical state where resources are allocated in the most effective way possible, with no waste.

Unhealthy HR Practices

entails human resource strategies and actions that negatively impact employee well-being, morale, or legal rights, often leading to a toxic work environment.

Competitiveness

The ability of a person, company, or country to compete effectively and successfully in the market.