Regulatory Policy Answers
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Which statement explains how regulations on prices affect business practices?
A
Regulations keep prices fair and prevent businesses from establishing monopolies.B
Regulations keep prices low and help businesses to establish monopolies.C
Regulations keep prices fair and help businesses to establish monopolies.D
Regulations keep prices low and prevent businesses from establishing monopolies.2
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A regulatory agency that makes sure banks follow federal laws is
A
the FDIC.B
the FDA.C
the SEC.D
the EPA.3
risklawsmonopoliessafety
A
riskB
lawsC
monopoliesD
safety4
A regulatory agency that protects workers is
A
OSHA.B
EPA.C
FDA.D
SEC.5
A purpose of government regulation in a mixed-market economy is to protect
A
property rights.B
corporate rights.C
monetary rights.D
states' rights.6
The most efficient way to ensure that producers are responsible for products is through
A
advertising.B
legislation.C
labeling.D
compliance.7
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.8
The chart shows a cost-benefit analysis.
A
The EPA legislates and enforces more regulations that reap greater benefits than the other agencies.B
The EPA legislates and enforces food regulations that reap greater benefits than the other agencies.C
The EPA has a larger budget than the other agencies, and its employees work longer hours.D
The EPA is less efficient than the other agencies, and its employees spend more money.9
Which are results of regulation in a mixed-market economy? Check all that apply.compliance with lawsadvantages for producerscontrol of marketsadvantages for governmentcontrol of externalities
A
compliance with lawsB
advantages for producersC
control of marketsD
advantages for governmentE
control of externalities10
The Food and Drug Administration sets standards for
A
advertising.B
product labeling.C
the environment.D
traffic safety.Did you find these answers helpful?
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