Regulatory Policy

4 October 2022
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10 test answers

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question
Regulatory agencies such as the OCC and the FDIC add ___ to the banking system.
answer
saftey
question
A purpose of government regulation in a mixed-market economy is to protect
answer
property rights.
question
A regulatory agency that protects workers is
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OSHA.
question
A goal of financial regulatory agencies is to
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prevent monopolies.
question
Which regulatory agencies provide general oversight for the banking industry?
answer
the Fed and the FDIC
question
Which most likely explains why the costs and benefits shown by the EPA are higher than the other regulatory agencies?
answer
The EPA legislates and enforces more regulations that reap greater benefits than the other agencies.
question
A regulatory agency that makes sure banks follow federal laws is
answer
the FDIC.
question
Which are duties of OSHA? Check all that apply.
answer
investigating worker complaints inspecting businesses
question
In which situation would government regulation most likely be necessary?
answer
A factory requires employees to work in unsafe conditions.
question
Government regulation is intended to
answer
discourage producers from taking harmful actions.