Question
Any help on this question or table would be of great assistances. Fill in the remaining boxes in the table . Then answer questions 1,
Any help on this question or table would be of great assistances.
Fill in the remaining boxes in the table. Then answer questions 1, 2, and 3. The answers will correspond to the results you received by filling in the table.
1. For how many of the agencies shown do regulations exert more costs than benefits? For how many do regulations provide more benefits than costs?
2. Which agencys regulations have the greatest excess of benefits over costs? Which agencys regulations have the greatest ratio of benefits to costs?
3. What percentage of total benefits from regulations comes from EPA regulations? Most of the benefits and costs from EPA regulations are from air pollution rules resulting from the Clean Air Act and its amendments. Judging solely by these data, would you say that Clean Air Act legislation has been a success or a failure for U.S. citizens? Why?
Costs and Benefits of Major U.S. Federal Regulations, 2005-2015 average values from ranges of estimates, in billions of dollars) BENEFITS MINUS COSTS 16.8 BENEFIT: COST RATIO 2.8 AGENCY Department of Energy Department of Health and Human Services Department of Transportation Environmental Protection Agency (EPA) Other departments Total Data from U.S. Office of Management and Budget, 2016. 2016 Draft report to Congress on the benefits and costs BENEFITS 25.9 13.9 28.6 426.8 768 572.0 COSTS 3.7 10.9 47.1 22.3 93.1 of fedaral reglations and agancy compliance with the Unfunded Mandates Reform Act. Washington, DC: OMB
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