Problem:
Since Gov't imposes regulations on businesses for such things as safety regulations for workers, pollution controls on the amt of emissions, and requirements on access for workers with disabilities how might you answer the following questions?
Q1. How might these regulations be thought of as being a negative technological change (techn deterioration rather than techn improvement)?
Q2. What effect would these regulations have?
Q3. With Q2, is it still possible for such regulations to be efficient from the point of view of society and why might this be true?