Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson

Exercise 14

The Federal Drug Administration will not approve new pharmaceutical products unless the developer can prove that its product is both safe and effective as a remedy for specified ailments. Do you think the "safe and effective" criterion would be a good one for Congress to adopt for the passage of new legislation? Why or why not? Do you think most government action would meet this criterion? Discuss.