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Refer to the table below: Number of Agency Employees (2015) SOCIAL REGULATION Consumer safety and Health Food and Drug Administration (FDA) Food Safety and Inspection Service, etc. 42,266 nces Homeland Security Transportation Security Administration (TSA) Customs and Border security . Immigration and Customs, etc. Transportation Federal Aviation Administration (FAA) Federal Motor Carriers Safety Administration Federal Railroad Administration, etc. Workplace Occupational safety and Health Administration (OSHA) Mine Safety and Health Administration 146,109 9,282 12,589 < Prev 6 of 8 Next > DELL Employment standards Administration, etc. Environment 27,321 .Environmental protection Agency (EPA) Forest and Rangeland Research Fish and Wildlife Service, etc ECONOMIC REGULATION General Business 21,718 Patent and Trademark office Securities and Exchange Commission (SEC) .Federal Trade Commission (FTC), etc. Finance and Banking Federal Reserve System . Federal Deposit insurance Corporation (FDIC) . Comptroller of the Currency, etc Industry-Specific Regulation Agricultural Marketing Service Federal Communications (FCC), etc. Total Regulatory Employment: 15,236 7,006 281,527 If the average U.S. worker produces $65,000 of output per year, what is the annual opportunity cost of the federal regulatory workforce? Instructions: Enter your response rounded to one decimal place. $1 lbillion < Prev 6 of 8 Next > %24 6. in

Refer to the table below: Number of Agency Employees (2015) SOCIAL REGULATION Consumer safety and Health Food and Drug Administration (FDA) Food Safety and Inspection Service, etc. 42,266 nces Homeland Security Transportation Security Administration (TSA) Customs and Border security . Immigration and Customs, etc. Transportation Federal Aviation Administration (FAA) Federal Motor Carriers Safety Administration Federal Railroad Administration, etc. Workplace Occupational safety and Health Administration (OSHA) Mine Safety and Health Administration 146,109 9,282 12,589 < Prev 6 of 8 Next > DELL Employment standards Administration, etc. Environment 27,321 .Environmental protection Agency (EPA) Forest and Rangeland Research Fish and Wildlife Service, etc ECONOMIC REGULATION General Business 21,718 Patent and Trademark office Securities and Exchange Commission (SEC) .Federal Trade Commission (FTC), etc. Finance and Banking Federal Reserve System . Federal Deposit insurance Corporation (FDIC) . Comptroller of the Currency, etc Industry-Specific Regulation Agricultural Marketing Service Federal Communications (FCC), etc. Total Regulatory Employment: 15,236 7,006 281,527 If the average U.S. worker produces $65,000 of output per year, what is the annual opportunity cost of the federal regulatory workforce? Instructions: Enter your response rounded to one decimal place. $1 lbillion < Prev 6 of 8 Next > %24 6. in

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Refer to the table below: Number of Agency Employees (2015) SOCIAL REGULATION Consumer safety and Health Food and Drug Administration (FDA) Food Safety and Inspection Service, etc. 42,266 nces Homeland Security Transportation Security Administration (TSA) Customs and Border security . Immigration and Customs, etc. Transportation Federal Aviation Administration (FAA) Federal Motor Carriers Safety Administration Federal Railroad Administration, etc. Workplace Occupational safety and Health Administration (OSHA) Mine Safety and Health Administration 146,109 9,282 12,589 < Prev 6 of 8 Next > DELL
Transcribed Image Text:Refer to the table below: Number of Agency Employees (2015) SOCIAL REGULATION Consumer safety and Health Food and Drug Administration (FDA) Food Safety and Inspection Service, etc. 42,266 nces Homeland Security Transportation Security Administration (TSA) Customs and Border security . Immigration and Customs, etc. Transportation Federal Aviation Administration (FAA) Federal Motor Carriers Safety Administration Federal Railroad Administration, etc. Workplace Occupational safety and Health Administration (OSHA) Mine Safety and Health Administration 146,109 9,282 12,589 < Prev 6 of 8 Next > DELL
Employment standards Administration, etc. Environment 27,321 .Environmental protection Agency (EPA) Forest and Rangeland Research Fish and Wildlife Service, etc ECONOMIC REGULATION General Business 21,718 Patent and Trademark office Securities and Exchange Commission (SEC) .Federal Trade Commission (FTC), etc. Finance and Banking Federal Reserve System . Federal Deposit insurance Corporation (FDIC) . Comptroller of the Currency, etc Industry-Specific Regulation Agricultural Marketing Service Federal Communications (FCC), etc. Total Regulatory Employment: 15,236 7,006 281,527 If the average U.S. worker produces $65,000 of output per year, what is the annual opportunity cost of the federal regulatory workforce? Instructions: Enter your response rounded to one decimal place. $1 lbillion < Prev 6 of 8 Next > %24 6. in
Transcribed Image Text:Employment standards Administration, etc. Environment 27,321 .Environmental protection Agency (EPA) Forest and Rangeland Research Fish and Wildlife Service, etc ECONOMIC REGULATION General Business 21,718 Patent and Trademark office Securities and Exchange Commission (SEC) .Federal Trade Commission (FTC), etc. Finance and Banking Federal Reserve System . Federal Deposit insurance Corporation (FDIC) . Comptroller of the Currency, etc Industry-Specific Regulation Agricultural Marketing Service Federal Communications (FCC), etc. Total Regulatory Employment: 15,236 7,006 281,527 If the average U.S. worker produces $65,000 of output per year, what is the annual opportunity cost of the federal regulatory workforce? Instructions: Enter your response rounded to one decimal place. $1 lbillion < Prev 6 of 8 Next > %24 6. in
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