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Reasons for deregulation - SS2 Government Past Questions and Answers - page 1

1
What is the primary goal of deregulation?
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A

To promote economic growth and efficiency.

B

To increase government control over industries and businesses.

C

To protect consumers from exploitation.

2
How can deregulation encourage competition among businesses?
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A

By increasing the regulatory burden on businesses.

B

By removing barriers to entry, such as licensing requirements.

C

By limiting the variety of products and services available to consumers.

3
How can deregulation promote innovation?
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A

By increasing the regulatory burden on businesses.

B

By limiting investment in research and development.

C

By removing barriers that may have limited businesses' ability to experiment or invest in research and development.

4
How can deregulation benefit consumers?
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A

By limiting the variety of products and services available to them.

B

 By reducing costs associated with compliance with government regulations.

C

By increasing the regulatory burden on businesses.

5
How can deregulation promote economic growth?
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A

By increasing the regulatory burden on businesses.

B

By limiting investment and job creation.

C

By reducing the regulatory burden on businesses, promoting innovation and competition, and encouraging investment and job creation.

6
What is the benefit of deregulation in promoting competition among businesses?
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7
How can deregulation stimulate economic growth?
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