Identify the Type of Fallacy in the Following Passage

question 85

Short Answer

Identify the type of fallacy in the following passage.
"Once we let the federal government regulate mortgage lending practices, where will it stop? The entire free enterprise system-the backbone of American prosperity-will collapse under the weight of government regulation."

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Definitions:

Command-And-Control Policies

Regulatory strategies where the government sets specific limits and controls on emissions or discharges, often requiring technology or methods to be used.

Corrective Taxes

Taxes imposed to correct the market outcomes by accounting for externalities and bringing the social costs and benefits into balance.

Economic Efficiency

An economic state where every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.

Deadweight Losses

Losses in total surplus that occur when a market is not in competitive equilibrium, often due to taxes or subsidies.