Economic Policy: Influential Theories

Question 1

Which is a function of regulatory agencies?

Revolt · Accepted Answer

encouraging business compliance

Question 2

A regulatory agency that protects workers is

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OSHA.

Question 3

A mixed-market economy is best defined as an economy

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with some government intervention.

Question 4

A regulatory agency that makes sure banks follow federal laws is

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the FDIC.

Question 5

A goal of financial regulatory agencies is to

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prevent monopolies.

Question 6

Government regulation is intended to

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discourage producers from taking harmful actions.

Question 7

Which are duties of OSHA? Check all that apply.investigating worker complaintsinspecting imported foodinspecting businesseslabeling productsprotecting the environment

Revolt · Accepted Answer

investigating worker complaints; inspecting businesses

Question 8

Which statement explains how regulations on prices affect business practices?

Revolt · Accepted Answer

Regulations keep prices fair and prevent businesses from establishing monopolies.

Question 9

The chart shows a cost-benefit analysis.

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The EPA legislates and enforces more regulations that reap greater benefits than the other agencies.

Question 10

The most efficient way to ensure that producers are responsible for products is through

Revolt · Accepted Answer

labeling.

Economic Policy: Influential Theories Answers

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