Changes

But there is enormous regulation in the United States of all businesses concerning matters other than price and quantity.  Defenders of the massive amounts of regulations will say it is necessary to protect the public.  Critics of the regulations point out that government is gaining more power and control by imposing these regulations, and is frustrating the efficient operation of the free market.  Sometimes a CLEP exam question will expect an answer that is favorable to regulation, when many economists (such as Ronald Coase) would really be critical of regulation.

But there is enormous regulation in the United States of all businesses concerning matters other than price and quantity.  Defenders of the massive amounts of regulations will say it is necessary to protect the public.  Critics of the regulations point out that government is gaining more power and control by imposing these regulations, and is frustrating the efficient operation of the free market.  Sometimes a CLEP exam question will expect an answer that is favorable to regulation, when many economists (such as Ronald Coase) would really be critical of regulation.

All admit that the government redistribute wealth in society through taxation and public expenditures.  Wealth is lost as part of the redistribution, as many government workers are paid in the middle between the taking of wealth from one person and giving money to another.  In 2008, "the average salary for a federal government employee was $79,197. The average salary for a private employee in the United States was $49,935. ...  Orange County Sheriff Sandra Hutchens earns almost half a million dollars a year between her current salary as sheriff and her pension from the Los Angeles County Sheriff's Department.  And Ms. Hutchens is not alone. Orange County CEO, Tom Mauk also earns close to $500,000 a year with his current salary from the County and his pension from working for La Habra."<ref>http://www.ocregister.com/articles/benefits-215118-government-salary.html</ref>  Superintendents of public school districts in New Jersey are paid hundreds of thousands of dollars in salaries and pensions.  Voters might wonder what they are getting in return for paying so much in taxes.

All admit that the government redistribute wealth in society through taxation and public expenditures.  Wealth is lost as part of the redistribution, as many government workers are paid in the middle between the taking of wealth from one person and giving money to another.  In 2008, "the average salary for a federal government employee was $79,197. The average salary for a private employee in the United States was $49,935. ...  Orange County Sheriff Sandra Hutchens earns almost half a million dollars a year between her current salary as sheriff and her pension from the Los Angeles County Sheriff's Department.  And Ms. Hutchens is not alone. Orange County CEO, Tom Mauk also earns close to $500,000 a year with his current salary from the County and his pension from working for La Habra."<ref>http://www.ocregister.com/articles/benefits-215118-government-salary.html</ref>  Superintendents of public school districts in New Jersey are paid hundreds of thousands of dollars each year in salaries and pensions.  Voters might wonder what they are getting in return for paying so much in taxes.

===Honors Example===

===Honors Example===