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Sieyeta Pope
Chapter 2-3 Quiz
| Question | Answer |
|---|---|
| In a mixed-market economy, what is a key purpose of government regulation? | To protect consumers and ensure a fair and balanced marketplace by preventing monopolies, protecting public health and safety, and upholding constitutional rights. |
| Which situation would most likely require government regulation? | When a business operates in a way that causes harm or has a significant negative impact on the public, such as factory forcing employees to work in unsafe conditions or a monopoly company raising prices unfairly. |
| Who is responsible for creating administrative regulations at the federal level? | Federal administrative regulations are created by federal agencies in the executive branch, which are delegated authority by Congress to write and enforce rules that have the force of law. |
| What is the primary source of authority for administrative agencies to create regulations? | Congress, through the delegation of power in "enabling statutes". |
| What are two official publications for federal regulations? | The Federal Register and the Code of Federal Regulations. |
| What describes the purpose of the Civil Rights Act of 1964? | To prohibit discrimination in public places and job discrimination based on race, color, religion, sex, or national origin. |
| Which branch of the U.S. government is responsible for making all federal laws, declaring war, and regulating interstate and foreign commerce? | Legislative Branch |
| What are the government regulation? | Protect public interest. |