divergent views of government regulations. One view is on the public benefit, the other is
on the cost to private industry. How can you decide which view to accept?
Currently being a member of the public, I would side with the benefit viewpoint. I also
must imagine that people in the private industry, albeit concerned with their company and its
profits, also enjoy the world that they live in and don’t want to see it burned to the ground. This
being the case I feel that the public benefit view of government regulation is more widely
accepted over concern of the private industry costs. One way to gauge which view to accept is
the benefit/cost ratio (BCR). The BCR is an analytical tool that measures these two quantities
against each other.
2. In each of the scenarios above, identify the benefits versus the costs for both viewpoints.
First is the instance of the Department of Homeland Security’s (DHS) effect on airports
and airline usage. The costs are primarily time delays. People take longer getting thr...
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