Asked by Syntish Masson on May 11, 2024

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The effects of deregulation on the economy under the Carter and Reagan administrations have been beneficial in all of the following industries except

A) long-distance trucking.
B) banking.
C) airlines.
D) long-distance phone calling.

Deregulation

Refers to the reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.

Carter And Reagan Administrations

The presidential terms of Jimmy Carter (1977-1981) and Ronald Reagan (1981-1989), notable for distinct economic and foreign policies.

Banking

The business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to earn a profit.

  • Evaluate the implications of deregulation for a range of industries and for consumer prices.
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Calliesta PariseauMay 14, 2024
Final Answer :
B
Explanation :
The deregulation of the banking industry, particularly during the Reagan administration, led to a series of savings and loan crises in the 1980s. This resulted in significant financial instability and cost taxpayers an estimated $124 billion, demonstrating that the effects of deregulation were not beneficial in the banking sector.