14 What is the text's opinion of limitations of rate of return regulation a There are no known limitations b Two main limitations include the difficulty of avoiding regulatory capture and setting wrong rates c The main limitation is that consumers don't like regulated rates of return d The greatest limitation is that appointed regulators have failed to exercise their powers to set any prices or rates in the past 50 years 15 Which of these is the most accurate statement about regulation of industries in the US a Natural monopolies are not the only industries to come under regulation in the US b In reality, US regulatory agencies largely ignore natural monopolies c US regulatory agencies have agreed not to oversee banking and finance d US regulatory agencies have agreed that oversight of transportation and communication is not effective 16 As opposed to regulation of a natural monopoly, the goal of regulation to reduce competition in the trucking and airline industries is to have a higher prices and less competition among firms b higher profits with lower prices c higher costs and more firms d lower prices and more firms 17 Which of these did NOT occur in the US policy of business regulation after 1980 a Congress deregulated finance and banking in the 1980s b Regulators encouraged the rise of big tech monopolies without having worries about their anticompetitive practices c The government broke up the AT T landline telephone monopoly and allowed competition to the industry d Congress repealed the Depression era Glass Steagall Act in 1999 18 Which agency is NOT involved in regulating health and safety in the US, according to the text a OSHA b FDA c SEC d EPA 19 Which of these questions is easiest to answer without argument when it comes to US health and safety regulations a Should we prefer agency regulation instead of civil suits by those harmed b How should we value health and safety compared to other goods c Whose values should shape regulatory policies d Are the goals of regulation reasonable 20 When the EPA issued a 1984 study of costs and benefits of banning lead in gasoline, Ethyl Corporation (producer of the lead additive) said that the EPA a underestimated the benefits of the regulation, ignoring the benefits of extended engine life b underestimated the costs of the regulation, ignoring repair costs of engine valve damage c overestimated the public's concern with the cost of gasoline d overestimated the benefits to the environment of removing lead from gas

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14. What is the text's opinion of limitations of rate-of-return regulation? a. There are no known limitations. b. Two main limitations include the difficulty of

14. What is the text's opinion of limitations of rate-of-return regulation?

a. There are no known limitations.
b. Two main limitations include the difficulty of avoiding regulatory capture and setting wrong rates.
c. The main limitation is that consumers don't like regulated rates of return.
d. The greatest limitation is that appointed regulators have failed to exercise their powers to set any prices or rates in the past 50 years.

15. Which of these is the most accurate statement about regulation of industries in the US?

a. Natural monopolies are not the only industries to come under regulation in the US.
b. In reality, US regulatory agencies largely ignore natural monopolies.
c. US regulatory agencies have agreed not to oversee banking and finance.
d. US regulatory agencies have agreed that oversight of transportation and communication is not effective.

16. As opposed to regulation of a natural monopoly, the goal of regulation to reduce competition in the trucking and airline industries is to have _____.

a. higher prices and less competition among firms
b. higher profits with lower prices
c. higher costs and more firms
d. lower prices and more firms

17. Which of these did NOT occur in the US policy of business regulation after 1980?

a. Congress deregulated finance and banking in the 1980s.
b. Regulators encouraged the rise of big-tech monopolies without having worries about their anticompetitive practices.
c. The government broke up the AT&T landline telephone monopoly and allowed competition to the industry.
d. Congress repealed the Depression-era Glass-Steagall Act in 1999.

18. Which agency is NOT involved in regulating health and safety in the US, according to the text?

a. OSHA
b. FDA
c. SEC
d. EPA

19. Which of these questions is easiest to answer without argument when it comes to US health and safety regulations?

a. Should we prefer agency regulation instead of civil suits by those harmed?
b. How should we value health and safety compared to other goods?
c. Whose values should shape regulatory policies?
d. Are the goals of regulation reasonable?

20. When the EPA issued a 1984 study of costs and benefits of banning lead in gasoline, Ethyl Corporation (producer of the lead additive) said that the EPA _____.

a. underestimated the benefits of the regulation, ignoring the benefits of extended engine life
b. underestimated the costs of the regulation, ignoring repair costs of engine valve damage
c. overestimated the public's concern with the cost of gasoline
d. overestimated the benefits to the environment of removing lead from gas