Macroeconomics 15th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson

Exercise 6

The Federal Drug Administration will not approve new pharmaceutical products unless the developer can prove that its product is both safe and effective as a remedy for specified ailments. Do you think the "safe and effective" criterion would be a good one for Congress to adopt for the passage of new legislation Why or why not Do you think most government action would meet this criterion Discuss