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Because No Government System Is Perfect

Question 12

Multiple Choice

Because no government system is perfect,


A) legal and regulatory systems are constantly evolving and changing in response to social institutions, including business.
B) the "invisible hand of competition" has replaced many business and economic regulations.
C) companies do not have to worry about meeting every law and regulation, since they are likely to change.
D) self-regulatory mechanisms have created less of a need for government oversight.
E) the costs of business regulation have decreased.

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