Question

why do its proponents argue that deregulation is good public policy? group of answer choices deregulation protects consumers by guarding against inflation and price gouging. deregulation addresses fundamental flaws in the free-market economy. eliminating costly regulations makes u.s. products more competitive in the world marketplace. without as many regulations, workers will be less likely to be injured in workplace accidents.

Answer 1

Proponents of deregulation argue that it is good public policy because it can protect consumers, address flaws in the free-market economy, and make U.S. products more competitive in the world marketplace.

Step-by-step explanation:

Proponents of deregulation argue that it is good public policy for several reasons. First, deregulation can protect consumers by guarding against inflation and price gouging. When industries are not heavily regulated, there is more competition, which can lead to lower prices and better products for consumers.

Second, deregulation addresses fundamental flaws in the free-market economy. It allows market forces to determine prices and quantities, which can lead to greater efficiency and economic growth.

Third, eliminating costly regulations can make U.S. products more competitive in the world marketplace. When businesses face fewer regulatory burdens, they can be more innovative and responsive to market demands, which can help them compete globally.