Regulatory Policy Answers

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1
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The Food and Drug Administration sets standards for

A
advertising.
B
product labeling.
C
the environment.
D
traffic safety.
2
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revealregulateprotectconceal

A
reveal
B
regulate
C
protect
D
conceal
3

Regulatory policy requires a balance between protecting safety and

A
protecting constitutional rights.
B
improving corporate profits.
C
improving environmental conditions.
D
protecting states’ rights.
4

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

i
investigating worker complaints
i
inspecting imported food
i
inspecting businesses
l
labeling products
p
protecting the environment
5

Government regulation is intended to

A
encourage producers to take negative actions.
B
discourage producers from taking harmful actions.
C
encourage producers to follow the Constitution.
D
discourage producers from making a profit.
6

Which is a function of regulatory agencies?

e
encouraging business compliance
c
creating legislation for businesses
e
encouraging negative externalities
c
creating new business opportunities
7

Which are results of regulation in a mixed-market economy? Check all that apply.

A
compliance with laws
B
advantages for producers
C
control of markets
D
advantages for government
E
control of externalities
9

risklawsmonopoliessafety

A
risk
B
laws
C
monopolies
D
safety
10

Which regulatory agencies provide general oversight for the banking industry?

t
the Fed and the FDIC
t
the Fed and OSHA
t
the FDIC and the EPA
t
the FDIC and the FDA

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