Economists reported that the costs of regulatory compliance were highest for:

Question

Quizplus · Accepted Answer

Worker safety regulations such as OSHA (Occupational Safety and Health Administration) and other workplace safety mandates are one of the costliest regulatory compliance areas for businesses. Companies must invest significant amounts of resources into ensuring compliance with workplace safety regulations, such as implementing safety protocols, providing training, and maintaining equipment. Additionally, failure to comply with these regulations can result in expensive fines and legal action.

Economists Reported That the Costs of Regulatory Compliance Were Highest