Which of the statements best describes the difference between ...

[Lisaclaire]

Which of the statements best describes the difference between economic regulation and social regulation?
 
  A) There are no significant differences between economic and social regulation, social regulation is a more modern way of regulating an economy.
  B) Economic regulation focuses on output and price; social regulation focuses on improving the quality of life.
  C) Social regulation focuses on output and price; economic regulation focuses on quality of life issues.
  D) Social regulation targets industries like transportation, while economic regulation targets utilities.

Question 2

Normative economic analysis involves
 
  A) true statements of facts only.
  B) testable hypotheses by scientists.
  C) value judgments and opinions.
  D) purely descriptive statements.

[cascooper22]

Answer to Question 1

B

Answer to Question 2

C

[Lisaclaire]

YES! Correct, THANKS for helping me on my review

[mcarey591]

Thanks for the timely response, appreciate it