This is not a writing assignment, this is a multiple-choice question Charles Wheelan, in chapter 4 of Naked Economics, offers another, different, perspective to government regulations (as compared to the arguments he presented in chapter 3 of the book). Charles Wheelan writes: "Meanwhile, not all regulations are created equal. The relevant question is not always whether or not the government should involve itself in the economy; the more important issue may be how the subsequent regulation is structured." For each regulation passed and enforced the government must consider the trade-offs. Which of the below statement in the answer options DOES NOT support the arguments that Wheelan has presented in this chapter? Group of answer choices Because the stocks of striped bass were dwindling in Cape Cod, the government imposed a limit on the total commercial catch of striped bass allowed every season. This regulation encouraged each fishing boat to catch as many striped bass as it could early in the season before the aggregate quota gets used up by other fishing boats. In Illinois the state legislature was pressured by the Illinois Cosmetology Association (on behalf of established spas and salons), to pass more stringent regulations against manicurists. The manicurists, made up mostly of recent immigrants, were competing with the established spas and salons. Government regulations improve the quality of life and the standard of living of all peoples regardless of the structure or reach of the regulations. An economy with more government regulations creates a better, healthier, and more prosperous society than those economies with fewer regulations. One has only to look around among the world economies to prove that heavily regulated economies serve their people better than those with lightly regulated economies. DDT is a nasty chemical and a "persistent organic pollutant." It is also the most cost-effective way of controlling mosquitos that carry and spread malaria. In the world's poorer, developing, economies millions of lives have been lost to malaria, caused by mosquitos. Given this reality, what would be the trade-off if all countries in the world agree to immediately pass regulations to totally ban the use of DDT, and protect the environment?
This is not a writing assignment, this is a multiple-choice question
Charles Wheelan, in chapter 4 of Naked Economics, offers another, different, perspective to government regulations (as compared to the arguments he presented in chapter 3 of the book).
Charles Wheelan writes:
"Meanwhile, not all regulations are created equal. The relevant question is not always whether or not the government should involve itself in the economy; the more important issue may be how the subsequent regulation is structured." For each regulation passed and enforced the government must consider the trade-offs.
Which of the below statement in the answer options DOES NOT support the arguments that Wheelan has presented in this chapter?
Group of answer choices
Because the stocks of striped bass were dwindling in Cape Cod, the government imposed a limit on the total commercial catch of striped bass allowed every season. This regulation encouraged each fishing boat to catch as many striped bass as it could early in the season before the aggregate quota gets used up by other fishing boats.
In Illinois the state legislature was pressured by the Illinois Cosmetology Association (on behalf of established spas and salons), to pass more stringent regulations against manicurists. The manicurists, made up mostly of recent immigrants, were competing with the established spas and salons.
Government regulations improve the quality of life and the standard of living of all peoples regardless of the structure or reach of the regulations. An economy with more government regulations creates a better, healthier, and more prosperous society than those economies with fewer regulations. One has only to look around among the world economies to prove that heavily regulated economies serve their people better than those with lightly regulated economies.
DDT is a nasty chemical and a "persistent organic pollutant." It is also the most cost-effective way of controlling mosquitos that carry and spread malaria. In the world's poorer, developing, economies millions of lives have been lost to malaria, caused by mosquitos. Given this reality, what would be the trade-off if all countries in the world agree to immediately pass regulations to totally ban the use of DDT, and protect the environment?
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