Which of the Following Statements Best Describes the Difference Between

question 90

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 directly redistributing wealth while economic regulation is concerned with accumulation of wealth.
• C)Economic regulation is concerned with directly redistributing 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:

Stock Performance

A measure of how the shares of a particular company have traded in the stock market, often reflecting the company’s financial health.

Productivity

The efficiency at which goods or services are produced, typically measured by the output per unit of input.

Labor Unions

Organizations formed by workers to collectively bargain with employers for better wages, working conditions, and benefits, and to protect their rights and interests.

Members' Interests

The concerns, priorities, and objectives that are important to the members of a group or organization.