Inflation and Stagflation (continued)

Question 1

In 2012, the Office of Management and Budget reported calculations of cost and benefits of regulations by major government agencies. | According to the chart, which regulatory agency provides the greatest monetary benefit to the public? | According to the chart, which regulatory agency had the fewest regulations studied?

Revolt · Accepted Answer

C: EPA

Question 2

What are the main purposes of regulatory policies? Check all that apply.to protect constitutional rights, safety, and fairnessto give producers an advantage over consumers in order to protect profitsto ensure that property rights are protectedto create regulation in a mixed-market economy only when neededto allow producers and consumers to interact freely with no government interference

Revolt · Accepted Answer

A: to protect constitutional rights, safety, and fairness; C: to ensure that property rights are protected; D: to create regulation in a mixed-market economy only when needed

Question 3

Which of these outcomes are possible negative externalities? Check all that apply.

Revolt · Accepted Answer

A: increased traffic in the neighborhood surrounding the factory; D: pollution from trucks making deliveries to the factory

Question 4

Read this sample food label. Which regulatory goals are met by the label? Check all that apply.

Revolt · Accepted Answer

A: informing consumers about products; C: helping consumers make educated choices; E: ensuring that producers are responsible for product contents

Question 5

Which of these are duties of the SEC? Check all that apply.overseeing the actions of brokers and financial advisersprotecting businesses from consumer corruptionensuring the security and fairness of mutual funds and exchangesbringing suits against businesses that are not following securities lawsregulating prices to ensure fair competition

Revolt · Accepted Answer

A: overseeing the actions of brokers and financial advisers; C: ensuring the security and fairness of mutual funds and exchanges; D: bringing suits against businesses that are not following securities laws

Question 6

Which of these are goals of financial regulation? Check all that apply.preventing monopoliesallowing businesses to avoid disclosing financial informationensuring that businesses accurately report their earningskeeping prices fairremoving competition from the market

Revolt · Accepted Answer

A: preventing monopolies; C: ensuring that businesses accurately report their earnings; D: keeping prices fair

Question 7

In 2012, the Office of Management and Budget reported calculations of cost and benefits of regulations by major government agencies. | According to the chart, which regulatory agency provides the greatest monetary benefit to the public? | According to the chart, which regulatory agency had the fewest regulations studied?

Revolt · Accepted Answer

A: USDA

Inflation and Stagflation (continued) Answers

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