Hiring over 260,000 U.S.federal workers to oversee and operate regulatory agencies involves

Question

Quizplus · Accepted Answer

Hiring over 260,000 U.S. federal workers to oversee and operate regulatory agencies involves the opportunity cost of forgoing output that could be produced if the workers were employed elsewhere. This is because the resources and funds used to hire and pay federal regulatory agency workers could have been used to invest in other areas of the economy, such as education or infrastructure, where there may be a greater potential for economic growth and productivity.

Hiring Over 260,000 U