Answers LVA-Economics SPRING Technology and EconomicsQuestion 3

3

QuizMultiple Choice

Technology and Economics

Question 3 • LVA-Economics SPRING

What is regulation in an economic system?

Answer

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Regulation is the placing of limits or restrictions on business activity by the government.

R

Regulation is the placing of limits or restrictions on business activity by producers.

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Regulation is the removal of limits or restrictions on business activity by the government.

R

Regulation is the removal of limits or restrictions on business activity by producers.

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