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Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026 Exercise 7
At its extreme, a laissez-faire approach to the economy means no government regulation at all. Let's suppose we got rid of the rule that you need a medical degree to practice medicine.
a) What would be some advantages of this change?
b) What would be some disadvantages of this change?
a) What would be some advantages of this change?
b) What would be some disadvantages of this change?
Explanation
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Laissez-faire approach is the system of ...
Economics: The Basics 1st Edition by Mike Mandel
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