One Problem That Might Occur as a Result of Economic

question 17

Multiple Choice

One problem that might occur as a result of economic regulation is

• A) the firm may be earning more than a normal rate of return on investment.
• B) the quality of service might be lowered.
• C) that social regulation may follow.
• D) the demand for the good may be greater than the supply.

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Definitions:

Middle-Class Culture

Describes the values, norms, and practices of the middle class, often associated with economic stability, education, and manners.

Reform

The process of making changes to something in order to improve it, especially in social, political, or economic institutions or practices.

Utopian Communities

Idealistic communities created with the aim to achieve a perfect social, moral, and political life, often by adopting radically different ways of living.