The total cost of government regulations in the U.S. manufacturing sector was estimated by the National Association

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The total cost of government regulations in the U.S. manufacturing sector was estimated by the National Association of Manufacturers to be about $2 trillion in 2012, or

$15,400 per family.

a. Do the findings mean that the United States had too many regulations?

b. How would an economist decide which regulations to keep and which to do away with?

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Related Book For  answer-question

Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

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