Took 9 mins 40 seconds in total, including 4 mins 20 seconds to read. All correct
1/ It can be inferred that, compared to the United States, Japan spent less on
The higher costs observed in the United States thus were due in large part, not to more stringent standards, but to the higher regulatory transaction costs
C regulating firms
2/ The author of the passage would disagree with which of the following?
A Some nations are likely to put more focus on regulating industry than allowing industry
...
1/ It can be inferred that, compared to the United States, Japan spent less on
The higher costs observed in the United States thus were due in large part, not to more stringent standards, but to the higher regulatory transaction costs
C regulating firms
2/ The author of the passage would disagree with which of the following?
A Some nations are likely to put more focus on regulating industry than allowing industry
...










