Critics of social regulation argue that it

A) causes deflation.
B) violates the due process clause of the U.S. Constitution.
C) is a relatively greater burden for small firms than for large firms.
D) improves allocative efficiency.

Question

Catherine Johnston · Accepted Answer

Final Answer : C, Explanation :  Social regulation often imposes fixed costs for compliance (such as the cost of pollution control equipment or the cost of modifying products to meet safety standards), which represent a larger proportion of a small firm's total costs compared to a large firm. This can make it more burdensome for small firms to comply with these regulations, affecting their competitiveness and profitability.

Critics of social regulation argue that it

A) causes deflation.
B) violates the due process clause of the U.S. Constitution.
C) is a relatively greater burden for small firms than for large firms.
D) improves allocative efficiency.

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Learning Objectives

Learning Objectives

Related questions

Critics of social regulation argue that itA) causes deflation.B) violates the due process clause of the U.S. Constitution.C) is a relatively greater burden for small firms than for large firms.D) improves allocative efficiency.

Definitions

Learning Objectives

Learning Objectives

Related questions

Critics of social regulation argue that it

A) causes deflation.
B) violates the due process clause of the U.S. Constitution.
C) is a relatively greater burden for small firms than for large firms.
D) improves allocative efficiency.