Question

WHOLELOTTAPOINTSHII I NEED HELP AND EXPLINATION IF POSSIBLE MOST LIKELY JUST THE RIGHT ANSWER Which of the following would be considered an accurate statement regarding regulation in government?

A. Regulation is usually a bad function of government; in fact, many economists blame years of bank regulation as a cause of the 2008 recession.

B. Government regulation, although in many cases an important political function, is at times criticized for causing government failure.

C. Government deregulation often reduces competition within the marketplace.

D. Deregulation of the drug industry led to a decrease in the amount of new drugs introduced each year.

Answer 1

I am pretty sure that the answer is B, this is because regulations are often seen as good because they can help provide opportunity and structure instead of basic anarchy, but they do not always work the way intended and people can get caught up in the red tape which is often why it is criticized.