Answers2026-2027 FBISD - EconomicsMonetary Policy: The Federal Reserve

Regulatory Policy Answers

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1
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A regulatory agency that protects workers is

A
OSHA.
B
EPA.
C
FDA.
D
SEC.
2
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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.
3

In which situation would government regulation most likely be necessary?

A
A factory requires employees to work in unsafe conditions.
B
A restaurant requires employees to work overtime on weekends.
C
A computer company requires employees to work long hours.
D
A power plant requires employees to take safety training classes.
4

The Food and Drug Administration sets standards for

A
advertising.
B
product labeling.
C
the environment.
D
traffic safety.
5

Which are duties of OSHA? Check all that apply.

A
investigating worker complaints
B
inspecting imported food
C
inspecting businesses
D
labeling products
E
protecting the environment
6

A regulatory agency that makes sure banks follow federal laws is

A
the FDIC.
B
the FDA.
C
the SEC.
D
the EPA.
7

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.
8

A goal of financial regulatory agencies is to

A
prevent monopolies.
B
enforce workplace safety.
C
protect the environment.
D
enforce food safety.

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