Government regulation in the form of subsidies,tariffs,licensing,and inspections does which of the following?

Question

Quizplus · Accepted Answer

Government regulation in the form of subsidies creates rents for businesses, as they receive financial support from the government. Tariffs offer profits to some businesses while harming others that rely on imports. Licensing creates barriers to entry, limiting competition and encouraging inefficient use of resources. Inspections can create additional costs for businesses, impacting their efficiency. Therefore, all of the above options are correct.

Government Regulation in the Form of Subsidies,tariffs,licensing,and Inspections Does Which