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Social Regulation and Its Marginal Costs and Benefits (Essay Sample)
Question 1: Describe the marginal costs and benefits of social regulation in your example. Is social regulation economically justifiable in this case? Give reasons for your answer. -Which side of the social regulation debate do you agree with? Do you think social regulation is costlier than the benefits it entails, or vice-versa? Give arguments to support your answer. Question 2: Post a brief summary of what you have read in the news about off-shoring. Remember to cite your sources in APA format. -What is your own stand on off-shoring? Give economically sound arguments to support your position. source..
Social Regulation and Its Marginal Costs and Benefits
Social regulations have been a function of the governments since time immemorial. In the 60s and the 70s, for example, the US government was busy regulating some of the social problems that emerged at the time. One of the main social regulations that came up at the time was the issue of discrimination, which led to the formation of the equal employment opportunities commission. This meant that the persons from other races who were American citizens had the chance to gain employment lawfully without discrimination along racial lines. The fact that the commission led to the free and fair employment opportunities also led to the ill of illegal immigration as people came to America as the land of opportunities.
Economically this social regulation is very much justifiab...
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