Multiple Choice
Which of the following is a disadvantage of legal restrictions?
A) For some dangerous activities they can be very difficult to administer.
B) They are simple and clear to understand.
C) They are a rather blunt instrument.
D) They cannot be imposed very quickly if emergency action is required.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: A subsidy to correct for an externality
Q2: Which formula can be used to calculate
Q3: Economists often compare perfect competition and monopoly.
Q5: Which of the following is a reason
Q6: The performance of a company adopting a
Q7: The Coase theorem states that some problems
Q8: Minimum and maximum price legislation is less
Q9: If someone spends their income to achieve
Q10: Instability and an inability of the economy
Q11: What are the advantages and disadvantages of