Asked by
Rachel Nicole
on Nov 26, 2024Verified
Which one of the following is concerned with industrial regulation, as distinct from social regulation?
A) Occupational Safety and Health Administration
B) Consumer Products Safety Commission
C) Federal Communications Commission
D) Environmental Protection Agency
Industrial Regulation
Laws and rules that govern how businesses can operate within certain industries, often to protect consumer interests and promote fair competition.
Social Regulation
Rules imposed by government aimed at improving health, safety, welfare, and well-being of citizens, often relating to environmental and consumer protection.
Federal Communications Commission
A U.S. government agency responsible for regulating interstate and international communications by radio, television, wire, satellite, and cable.
- Understand thoroughly the basic principles and negative feedback concerning industrial regulation, including the cause for managing natural monopolies.
Verified Answer
CF
Learning Objectives
- Understand thoroughly the basic principles and negative feedback concerning industrial regulation, including the cause for managing natural monopolies.