This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the main difference between economic regulation and social regulation? What will be an ... (Read 65 times)

casperchen82

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
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
Reply #1 on: Jun 29, 2018
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
YES! Correct, THANKS for helping me on my review

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

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?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Flower part number is a characteristic difference between monocots and eudicots (a) Flowers and buds Flower part number is a characteristic difference between monocots and eudicots (a) Flowers and buds
Differences in how we display gender often lie below our awareness. How males and females use social ... Differences in how we display gender often lie below our awareness. How males and females use social ...
A summary model of the regulation of gonadal hormones. A summary model of the regulation of gonadal hormones.
Secretion and Regulation of HCl in the Stomach Secretion and Regulation of HCl in the Stomach
Sensitivity study for facial difference Sensitivity study for facial difference
Economic question 5 Economic question 5
Video: Introduction to Sleep Apnea

For a complete list of videos, visit our video library