Regulatory Policy — Quiz

Question 1

A regulatory agency that protects workers is

Revolt · Accepted Answer

OSHA.

Question 2

A regulatory agency that makes sure banks follow federal laws is

Revolt · Accepted Answer

the FDIC.

Question 3

A mixed-market economy is best defined as an economy

Revolt · Accepted Answer

with some government intervention.

Question 4

What makes enforcing safety standards a challenge for the Food and Drug Administration?

Revolt · Accepted Answer

Many foods are imported from other countries, and the FDA must ensure those foods meet the same standards as US goods.

Question 5

Which is a function of regulatory agencies?

Revolt · Accepted Answer

encouraging business compliance

Question 6

Which explains why government regulation is necessary in a mixed-market economy?

Revolt · Accepted Answer

Government regulation protects constitutional rights, safety, and fairness.

Question 7

A goal of financial regulatory agencies is to

Revolt · Accepted Answer

prevent monopolies.

Question 8

The most efficient way to ensure that producers are responsible for products is through

Revolt · Accepted Answer

labeling.

Question 9

Government regulation is intended to

Revolt · Accepted Answer

discourage producers from taking harmful actions.

Question 10

The Food and Drug Administration sets standards for

Revolt · Accepted Answer

product labeling.

Regulatory Policy — Quiz Answers