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Show Top court hits cost effective tests Snubbing President Reagan's administration, ad-ministration, the Supreme Court ruled last week the federal regulators do not have to satifsy a cost-benefit test before imposing health and safety standards on American industry. By a 5-3 vote, the justices upheld a' new and stringent federal standard for worker exposure, to cotton dust, challenged by the textile industry as economically unreasonable. President Reagan campaigned hard in last year's presidential race for the need to reduce government regulation of business. |