What makes enforcing safety standards a challenge for the Food and Drug Administration? Many foods are imported from other countries, and the FDA must ensure those foods meet the same standards as US goods. the FDIC .
Which explains why government regulations is necessary?
Regulations keep prices fair and prevent businesses from establishing monopolies. Which explains why government regulation is necessary in a mixed-market economy? Government regulation protects property rights, safety, and business owners .
What does the Food and Drug Administration sets standards for?
Answer: The FDA/USFDA sets standards for (A) product labelling . Explanation: ... It plays the role of protecting and promoting public health by controlling and supervising food safety, dietary supplements, tobacco products, prescription, and other various pharmaceutical products.
In which situation is government regulation most likely necessary?
The correct answer to this question is B) Government regulation protects property rights, safety, and profits . The statement that explains why government regulation is necessary for a mixed-market economy is “Government regulation protects property rights, safety, and profits.”
Which statement best explains how regulations on prices affect business practices?
Which statement explains how regulations on prices affect business practices? Regulations keep prices fair and prevent businesses from establishing monopolies .
How are corporations affected by government rules and regulations?
Corporations and their spokespeople often denounce government rules as irrational impediments to profits, economic efficiency, and job creation . Unsurprisingly, many firms have used loopholes, moved operations abroad, and violated antitrust laws as they attempted to deal with regulations.
Why do we need regulations?
Regulations are indispensable to the proper function of economies and societies . They create the “rules of the game” for citizens, business, government and civil society. They underpin markets, protect the rights and safety of citizens and ensure the delivery of public goods and services.
How important is FDA approval?
FDA approval is important, because it validates the need for research on how drugs work on children , not just adults. It also allows us the properly determine the appropriate dosage for children, determine the best route of administration, and test for any drug interactions.
What are the standards for FDA approval?
To get FDA approval, drug manufacturers must conduct lab, animal, and human clinical testing and submit their data to FDA . FDA will then review the data and may approve the drug if the agency determines that the benefits of the drug outweigh the risks for the intended use.
What is the difference between FDA and CDC?
FDA administers the Federal Food, Drug, and Cosmetic Act and relevant sections of the Public Health Service Act, among other statutes. ... CDC conducts its activities under the authority of the Public Health Service Act and several other federal statutes.
How do regulations help keep the public safe quizlet?
Government regulations are necessary because they protect public safety and market fairness . For example, food safety regulations help protect consumers from pathogens that could cause widespread illness. By creating regulations, the government can make food-borne illness less likely.
Which most likely explains why the cost and benefits shown by the EPA are higher?
Regulations keep prices fair and prevent businesses from establishing monopolies. ... 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 .
Which are results of regulation in a mixed-market economy?
Answer Expert Verified. The results of the government regulation in a dual economy or mixed-market economy are; compliance with laws, whuch are needed to protect the consumers and producers in the market . Also, advantages for producers and advantages for goverment are associated with the regulation.
Which are duties of OSHA check all?
Its work is to make sure that there is healthful and safety working conditions for both women and men . It does its work by enforcing and setting standards, assistance and education, outreach and provide training for the workers.
Which is the function of regulatory agencies?
regulatory agency, independent governmental body established by legislative act in order to set standards in a specific field of activity, or operations, in the private sector of the economy and then to enforce those standards . Regulatory agencies function outside direct executive supervision.
Which is a function of regulatory agencies ??
Regulatory agencies serve two primary functions in government: they implement laws and they enforce laws . Regulations are the means by which a regulatory agency implements laws enacted by the legislature.
