According to President Reagan's Executive Order 12291,
A) economic criteria had to be met when reviewing any major regulation
B) a major regulation was defined as one having an annual effect of $1 million or more
C) only least cost is needed in evaluating major rules, with no consideration for maximizing net benefits
D) incremental benefits of policy must be maximized, with no consideration for minimizing incremental costs

Question

Quizplus · Accepted Answer

Executive Order 12291, issued by President Reagan, required that economic criteria be met when reviewing any major regulation, emphasizing the need for regulations to be cost-effective and for their benefits to outweigh their costs.