Deregulation is the
A)increase in antitrust policy regulations.
B)phasing out of past regulations.
C)switching of regulation from the federal level to the state level.
D)switching of regulation from the local level to the federal level.
E)change from economic regulation to social regulation.

Question

Quizplus · Accepted Answer

Deregulation refers to the removal or reduction of government regulations in a particular industry or sector. It involves phasing out past regulations that may have been hindering growth or competition in the industry. Therefore, option B is the correct choice as it describes the process of reversing or reducing past regulations.

Deregulation Is the