Regulatory Agencies
What is another name for these Agencies?
Watchdog Agencies.
To prevent unethical business actions.
What is the extra tax called on imported goods?
A tariff.
What caused the need for the government to pass and enforce regulatory laws?
The growth and expansion of business.
What do Regulatory Agencies do?
They watch over businesses and make sure they are following the law.
What did some regulatory laws create?
Regulatory agencies.
How did the government provide property protection for businesses?
Firemen, policemen, and military officers.
What was the biggest cause for government growth?
Industrialization.
What can Regulatory Agencies do if they catch businesses committing crimes?
They have the ability to impose fines or taxes onto the businesses.
Who passes regulatory laws?
The congress.
Through court trials.
What was the main reason that the government got involved in the business world?
Providing goods, health, and welfare to the public.
What are the 4 biggest Regulatory Agencies?
The Federal Trade Commission
The Federal Communications Commission
The Food and Drug Administrations
The Occupational Safety and Health Administration
What did the most important regulatory law do?
It controlled monopolies.
What were the original intentions of the government in the business world?
At first the government did not intend to have any involvement in business.
What is the fiscal policy?
A policy used to set levels of government spending and taxation.