1 Why might a stringent rule that induces a few 1. Why might a stringent rule that induces a few…

1 Why might a stringent rule that induces a few
1. Why might a stringent rule that induces a few firms to reduce production be less likely to reduce economic growth rate than a less stringent but broader regulation that causes all industries to cut their production?

2. Could one substantial regulation that affects all firms potentially cause a larger decrease in productivity growth than dozens of minor rules? Explain.

1 Why might a stringent rule that induces a few