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Imposing regulations and taxes

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Reference no: EM131040376

When the government becomes more heavily involved in imposing regulations and taxes on some in order to provide favors to others

1. Resources will move away from productive projects and toward counterproductive favor seeking activities.

2. The efficiency of resource use will improve.

3. Per capita income levels will grow rapidly.

4. Subsidies and targeted tax breaks favoring special interest groups will decline

Reference no: EM131040376

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