This topic contains a solution. Click here to go to the answer

Author Question: What is the main difference between economic regulation and social regulation? What will be an ... (Read 67 times)

casperchen82

  • Hero Member
  • *****
  • Posts: 540
What is the main difference between economic regulation and social regulation?
 
  What will be an ideal response?

Question 2

Refer to the above figure. If a price floor of 3 was set
 
  A) the quantity sold would be 80 units.
  B) there would be a surplus of 40 units.
  C) there would be a shortage of 40 units.
  D) there would be a shortage of 20 units.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dunkey

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

Economic regulation involves only particular industries, including policies aiming at controlling prices or influencing the characteristics of specific products. In contrast, social regulation applies to all firms in the economy and aims at improving the quality of life by, for example, regulating product safety, advertising and environmental effects.

Answer to Question 2

A




casperchen82

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
:D TYSM


flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

For a complete list of videos, visit our video library