Which of the following is NOT an accusation made against the regulatory system?
A) Excessive regulation contributed to the savings and loan industry disaster of the 1980s.
B) If the producer is faced with expensive regulations, costs will inevitably be passed along
to the consumer in the form of higher prices.
C) Regulations do not always work well, and they simply create massive regulatory bureaucracies.
D) Other nations have laxer regulations on pollution, worker safety, and other business practices, thus American exports often cost more.
E) All of these have been criticisms of regulation.
Answer: A
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