Meaning of deregulation - SS2 Government Past Questions and Answers - page 1
1
What does deregulation mean?
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A
The process of increasing government regulations on industries and businesses.
B
The process of removing or reducing government regulations on industries and businesses.
C
The process of privatizing government-owned industries and businesses.
2
Why is deregulation implemented?
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A
To increase government control over industries and businesses.
B
To stimulate economic growth and innovation.
C
To protect consumers from exploitation.
3
What are the potential negative consequences of deregulation?
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A
Exploitation of workers or the environment.
B
Increased government control over industries and businesses.
C
Increased protection for consumers.
4
What is the importance of balancing deregulation with safeguards?
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A
To ensure that government regulations are not removed completely.
B
To prevent businesses from becoming too powerful.
C
To balance the benefits of increased economic activity with the need to protect public interests.
5
Who benefits from deregulation?
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A
Consumers only.
B
Businesses only.
C
Both consumers and businesses.
7
What are the potential negative consequences of deregulation?
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