Elasticity and Government Policies

How do government policies and/or regulations factor into changes in economic activity on both a domestic and global scale?

• Give a specific example of a policy or regulation that has helped economic activity.
• Give a specific example of a policy or regulation that has hindered economic activity.
• If you were an economist who was tasked with evaluating this policy or regulation, what are some ideas you would suggest for changing it in a way that would achieve the same goal but not hinder economic activity?
• Finally, state whether or not you enjoy these types of evaluations and if you would consider these types of responsibilities in a future career.