Which explains why government regulation is necessary in a mixed-market economy? ... Government regulation protects property rights, safety, and profits . Government regulation protects constitutional rights, profits, and fairness.
Which are the 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.
What makes enforcing safety standards a challenge for the Food and Drug in administration?
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.
Why is government regulation needed?
Regulation is needed to protect the legitimate interests of businesses and the community . ... Business models can change rapidly. Regulations can quickly become redundant and the impacts of new technologies and business models can be particularly difficult to forecast.
Is government regulation necessary in order to ensure that a large firm like Walmart will serve the interest of consumers Why or why not?
Government regulation is not necessary because if a business were to not satisfy the interests of consumers, that business would fail. Government does however, have the responsibility of protecting any sort of goods or services that the consumers obtain from a business.
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 best describes the idea behind the invisible hand?
The option that best describes the idea of the “invisible hand” is “ the government sets policy for producer and consumers, which guides the economy.”
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.”
What is the function of regulatory agencies quizlet?
Which is a function of regulatory agencies? discourage producers from taking harmful actions . Which statement explains how regulations on prices affect business practices? Regulations keep prices fair and prevent businesses from establishing monopolies.
What are the duties of OSHA quizlet?
Occupational Safety and Health Administration. It was created in 1970 to protect the rights and safety of the workers. Its responsibilities are to encourage employees and employers to reduce workplace hazards, improve existing safety, and monitor job related injuries and illnesses .
What is an example of government regulation?
Congress passes laws that affect nearly all aspects of American life, including U.S. businesses. ... State lawmakers, in turn, make laws that typically supplement federal legislation. State government regulation examples include setting a higher minimum wage than the federal requirement .
Why is government regulation bad?
Regulation reduces total U.S. employment by at least three million jobs . Another heavy cost of regulation is reduced employment opportunities for Americans. This toll is not usually apparent, because in most instances regulation merely leads to a slower growth in employment rather than to visible loss in existing jobs.
What are the pros and cons of government regulation?
| Regulation Pros Regulation Cons | Positive overall health effects Administrative costs | Protection of the general public Plenty of controls necessary | Avoidance of monopolies Small companies may be in trouble | Assurance of sufficient tax revenue May hurt competitiveness of firms |
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How does government regulation affect the economy?
By restricting the inputs—capital, labor, technology, and more —that can be used in the production process, regulation shapes the economy and, by extension, living standards today and in the future. ... Executed poorly, regulation can stifle creativity and learning and limit opportunities for all citizens.
How does government regulations impact a business?
Governments issue regulations related to environmental practices, employee practices, advertising practices, and much more. Furthermore, government regulations affect how companies structure their businesses , where companies decide to locate, how they classify their employees, and thousands of other things.
Why do you think the government should regulate advertising?
Advertisements strongly influence people because it is changing their buying desire for products. ... Therefore, the government must regulate advertisements, as this regulation aims to prevent the spread of false advertisements about products and to establish laws to regulate advertising and not to lie about it.
