According to "Costs of Trucking Seen Rising under New Safety Rules," in 2003 the government estimated the new rules regulating the transportation industry would cost trucking companies about $1.3 billion.What benefits did the government expect from the costly regulations?
A) Reduced highway fatalities.
B) Reduced wear and tear on highways.
C) Punishment of an excessively profitable industry.
Correct Answer:
Verified
Q91: The "JetBlue Effect" has caused all of
Q92: According to the article "Financial Woes Heating
Q101: Government regulation is designed to change both
Q103: The major problem with price efficiency regulation
Q108: Regulated monopolies that are allowed a specific
Q111: A natural monopolist can produce total industry
Q112: Eliminating economic profit of a natural monopolist
Q114: It is not necessary to offer a
Q130: Government failure can never be worse than
Q140: Deregulation implies that government failure is worse
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents