Answer to Question 1
Answer: a
Answer to Question 2
An ideal response will:
1. Assert that the historical trend has been one of increasing regulation across an expanding spectrum of sectors.
2. Explain how free market systems can create unfair advantages for certain industries that try to gain control of their sector of the market, and therefore, regulations have a public benefit.
3. Discuss the nature of some of those benefits, including but not limited to better working conditions, cleaner environments, safer consumer products, and increased economic competition.
4. Describe how regulations often have a negative effect on business, including increasing the costs for business in terms of labor, materials, and compliance.
5. In the context of the first point, make a strong claim as to whether that trajectory should continue, specifically connecting either the aforementioned costs or benefits to this argument.
6. Provide a concise and effective conclusion.
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Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...