Regulatory Policy Answers
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Which regulatory agencies provide general oversight for the banking industry?
A
the Fed and the FDICB
the Fed and OSHAC
the FDIC and the EPAD
the FDIC and the FDA2
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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.3
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.4
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.5
Which is a function of regulatory agencies?
A
encouraging business complianceB
creating legislation for businessesC
encouraging negative externalitiesD
creating new business opportunities6
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.7
Which are results of regulation in a mixed-market economy? Check all that apply.
A
compliance with lawsB
advantages for producersC
control of marketsD
advantages for governmentE
control of externalities8
Which explains why government regulation is necessary in a mixed-market economy?
A
Government regulation protects constitutional rights, safety, and fairness.B
Government regulation protects property rights, safety, and profits.C
Government regulation protects constitutional rights, profits, and fairness.D
Government regulation protects property rights, safety, and business owners.9
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.10
The most efficient way to ensure that producers are responsible for products is through
A
advertising.B
legislation.C
labeling.D
compliance.Did you find these answers helpful?
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