-Which of the Following Statements Best Describes the Difference Between

question 8

Multiple Choice

-Which of the following statements best describes the difference between economic regulation and social regulation?

• A)Economic regulation has little to do with price and output while social regulation explicitly deals with price and output.
• B)Social regulation is concerned with direct redistribution of wealth while economic regulation is concerned with accumulation of wealth.
• C)Economic regulation is concerned with direct redistribution of wealth while social regulation is concerned with accumulation of wealth.
• D)Social regulation has historically targeted industries such as railroads and airlines while economic regulation has all the industries under its purview.
• E)Economic regulation deals with price and output , while social regulation deals with health and safety matters that apply across several industries.

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Definitions:

Prepaid Expenses

Expenses paid for in advance and recorded as assets until they are actually used or consumed.