AnswersHVA 26-27 IM Contemporary World Problems AReligious Liberty in America

Regulatory Policy Answers

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1
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An economy that balances government intervention with free enterprise is known as a

A
commission.
B
monopoly.
C
mixed market.
D
regulatory agency.
2
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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
3

Which statement about the SEC is accurate?SEC- U.S. Securities and Exchange Commission

A
It can convict people of crimes without a trial.
B
It is part of the government’s cabinet department.
C
It is an independent agency that regulates finance.
D
It is associated with the legislative branch.
4

What must businesses do in order to comply with financial regulations and laws?

A
report their revenue and earnings to the government
B
disclose information about sales with the media
C
report details of advertising revenue to managers
D
disclose product details to the competition
5

RegulationMonopolyRevenue

A
Regulation
B
Monopoly
C
Revenue
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

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
8

private businessfinancial institutionregulatory agency

A
private business
B
financial institution
C
regulatory agency
9

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
10

only when necessaryon a regular basisas often as possible

A
only when necessary
B
on a regular basis
C
as often as possible
11

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

A
Both operate independently.
B
Both are overseen by the Bureau of Labor.
C
Both create and enforce regulations.
D
Both focus on protecting employee finances.
12

What happens if regulatory policies for a business are violated?

A
New business rules are created.
B
Safety classes are mandated.
C
Additional inspections are required.
D
Fines and sanctions are applied.
13

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

A
prescription safety
B
automobile emissions
C
credit card interest rates
D
power tools used in factories
14

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
15

only when necessaryon a regular basisas often as possible

A
only when necessary
B
on a regular basis
C
as often as possible
16

How are government regulations established?

A
Citizens agree on new regulations through annual elections.
B
Specialized executive agencies respond to a new policy by creating regulations.
C
Business owners agree to create regulations to better compete with one another.
D
The courts establish regulations in response to unfair business practices.
17

private businessfinancial institutionregulatory agency

A
private business
B
financial institution
C
regulatory agency
18

Which agency is under the authority of the Department of Labor?

A
SEC- U.S. Securities and Exchange Commission
B
OSHA- Occupational Safety and Health Administration
C
EPA- United States Environmental Protection Agency
D
FDA- Food and Drug Administration
19

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

A
FDA- Food and Drug Administration
B
SEC- U.S. Securities and Exchange Commission
C
CFPB- Consumer Financial Protection Bureau
D
FCC- Federal Communications Commission
20

Which statement about the SEC is accurate?SEC- U.S. Securities and Exchange Commission

A
It can convict people of crimes without a trial.
B
It is part of the government’s cabinet department.
C
It is an independent agency that regulates finance.
D
It is associated with the legislative branch.

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