Author Question: Univariate analysis refers to analyzing a. the relationship between variables. b. a variable in ... (Read 78 times)

tiffannnnyyyyyy

  • Hero Member
  • *****
  • Posts: 512
Univariate analysis refers to analyzing
 a. the relationship between variables.
  b. a variable in isolation.
  c. the unit variation for a variable.
  d. Both a and b are correct.
  e. Both b and c are correct.

Question 2

Discuss the costs and benefits of regulation and who pays for or receives each, respectively. When is regulation justified?



ecabral0

  • Sr. Member
  • ****
  • Posts: 310
Answer to Question 1

b

Answer to Question 2

The costs associated with regulation include the cost of complying, enforcement costs, and costs associated with unintended side effects resulting from regulations. Companies often incur the cost of complying with a regulatory remedy. Enforcement costs are incurred by regulatory agencies and paid for by taxpayers. The unintended side effects that might result from regulations represent a cost to both buyers and sellers.

Regulation offers three major benefits. First, consumer choice among alternatives is improved when consumers are better informed in the marketplace. Second, when consumers become better informed, product quality tends to improve in response to consumers' changing needs and preferences. Finally, reduced prices resulting from a reduction in a seller's information market power is a third regulatory benefit. Consumers are the primary beneficiary of regulation.

In sum, regulation is theoretically justified only if the benefits exceed the costs.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

For a complete list of videos, visit our video library