Lesson 53 - unit 11 Flashcards
1
Q
What is the source for the thousand of pages of government regulations?
A
The Federal Register.
2
Q
Regulations are a limitation on _________, but they are put in place in the name of ___________.
A
The free market, public welfare.
3
Q
How do regulations generally affect prices?
A
They push them above market equilibrium.
4
Q
This lesson describes the deregulation of what 2 industries?
A
The trucking industry and the airline industry.
5
Q
What was the result of these 2 programs of deregulation?
A
Increased competition and decreased prices.
6
Q
What was the purpose of the Americans with Disabilities act?
A
To make life more fair for the disadvantaged.
7
Q
What is a key issue in determining whether a regulation is necessary or burdensome?
A
Determining what the tradeoff is.
