Answers25-26 FL-2106320-United States Government HonorsRegulatory Policy

Regulatory Policy Answers

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1
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only when necessaryon a regular basisas often as possible

A
only when necessary
B
on a regular basis
C
as often as possible
2
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Which of these regulations is established at the federal level?

A
the hours a business can stay open
B
the types of goods a market can sell
C
the pay for minimum-wage employees
D
the requirements employees must meet
3

What are the purposes of financial regulations? Choose three answers.to make business competitiveto enforce government interventionto limit and prevent monopoliesto allow businesses to collaborateto ensure only one business can operateto place regulations on prices

A
to make business competitive
B
to enforce government intervention
C
to limit and prevent monopolies
D
to allow businesses to collaborate
E
to ensure only one business can operate
F
to place regulations on prices
4

What do OSHA and the SEC have in common?OSHA- Occupational Safety and Health AdministrationSEC- U.S. Securities and Exchange Commission

B
Both operate independently.
B
Both are overseen by the Bureau of Labor.
B
Both create and enforce regulations.
B
Both focus on protecting employee finances.
5

Which president initially proposed the development of the EPA?EPA- United States Environmental Protection Agency

A
President Reagan
B
President Nixon
C
President Clinton
D
President Ford
6

Which of these regulations falls under the jurisdiction of the Environmental Protection Agency?

p
prescription safety
a
automobile emissions
c
credit card interest rates
p
power tools used in factories
7

How are government regulations established?

C
Citizens agree on new regulations through annual elections.
S
Specialized executive agencies respond to a new policy by creating regulations.
B
Business owners agree to create regulations to better compete with one another.
T
The courts establish regulations in response to unfair business practices.
8

What happens if regulatory policies for a business are violated?

N
New business rules are created.
S
Safety classes are mandated.
A
Additional inspections are required.
F
Fines and sanctions are applied.
9

Which of these laws was created in order to directly protect consumers?

p
pollution laws
p
product safety laws
w
wage laws
e
equal opportunity laws
10

Leah wants to get a home loan from her bank. Which agency would regulate that loan to ensure it is fair?

F
FDA- Food and Drug Administration
S
SEC- U.S. Securities and Exchange Commission
C
CFPB- Consumer Financial Protection Bureau
F
FCC- Federal Communications Commission

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