The Total Costs of Regulation

question 297

Multiple Choice

The total costs of regulation

• A) include increased taxes and increased prices of the products being regulated.
• B) are paid entirely by the regulated industries.
• C) much higher than just the explicit government outlays to fund the administration of various regulations.
• D) are paid entirely by the consumers of regulated industries.

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Definitions:

Congenital Malformations

Structural or functional anomalies that occur during intrauterine life and can be identified prenatally, at birth, or later in life.

Vaccine

A biological preparation that provides active acquired immunity to a particular infectious disease.

First Stage

Often refers to the initial phase of a multi-phase process, such as the first stage of development or the first stage in a sequence of events.

Labor

The physical and mental effort used in the process of production, or the act of giving birth.