Which of the following statements regarding objectives of social regulations are less accurate:
- Social regulations may be used to ensure that consumers are protected with safe products at a fair price.
- Social regulations may be used to toward a goal of environmental protection.
- Social regulations may be used to used to promote safer working conditions.
Answer: A
The objective of social regulation is a better quality of life through safer products, a less polluted environment, and improved working conditions. Fair pricing is the objective of economic regulation.
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