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5 Cards in this Set
- Front
- Back
- 3rd side (hint)
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mixed economy
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applied to contemporary american system.
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pg. 248
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government regulation--Pro
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cleaner air, safer cars, fewer dangerous drugs, increased fairness for minorities, saferworkplace.
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pg. 2484
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government regulation--Con
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directly controlling some dimensions of economy. (ex: public utility).
indirectly controlling matters (child labor, zoning restriction, antitrust activity to preserve American's conception of afree, efficient marketplace) |
pg. 284
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critic view on government regulation
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not yet achieved is job.
to achieve, cost will exceed from benefit |
pg. 284
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govenment intervention---in theory
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is a free enterprise economy would be justified only when the market is unable to serve the public interest (in instances of market failure)
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pg. 285
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