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8 Cards in this Set
- Front
- Back
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A regulatory agency that makes sure banks follow federal laws is |
the FDIC |
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Which statement explains how regulations on prices affect business practices? |
Regulations keep prices fair and prevent businesses from establishing monopolies. |
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Regulatory policy requires a balance between protecting safety and |
protecting constitutional rights. |
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Which most likely explains why the costs and benefits shown by the EPA are higher than the other regulatory agencies? |
The EPA legislates and enforces more regulations that reap greater benefits than the other agencies. |
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A mixed-market economy is best defined as an economy |
with some government intervention. |
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The Food and Drug Administration sets standards for |
product labeling. |
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Government regulation is intended to |
discourage producers from taking harmful actions. |
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In which situation would government regulation most likely be necessary? |
A factory requires employees to work in unsafe conditions. |
