Politics And GovernmentPolitical ScienceRegulatory Policy example #32900
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Regulatory Policy

Zeke Evans avatar Zeke Evans
25 July 2022
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9 test answers

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question
Government regulation is intended to
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discourage producers from taking harmful actions.
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A purpose of government regulation in a mixed-market economy is to protect
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NOT corporate rights
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In which situation would government regulation most likely be necessary?
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A factory requires employees to work in unsafe conditions.
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Regulatory policy requires a balance between protecting safety and
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protecting constitutional rights.
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Which regulatory agencies provide general oversight for the banking industry?
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the Fed and the FDIC
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What makes enforcing safety standards a challenge for the Food and Drug Administration?
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Many foods are imported from other countries, and the FDA must ensure those foods meet the same standards as US goods.
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A regulatory agency that makes sure banks follow federal laws is
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the FDIC.
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Which statement explains how regulations on prices affect business practices?
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Regulations keep prices fair and prevent businesses from establishing monopolies.
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Which explains why government regulation is necessary in a mixed-market economy?
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NOT Government regulation protects constitutional rights, profits, and fairness