This agency protects human and environmental health through regulation of pollution and conservation of energy/natural resources.
What is the Environmental Protection Agency (EPA)?
100
Supporters of federal deregulation favor this type of economic system.
What is free enterprise?
100
During the early years of the American Republic, these authorities handled what little regulation existed.
What are state and/or local authorities?
100
This is the current type of regulatory system where the government tells companies how to reach specified goals, check the compliance of these commands, and punishes offenders.
What is the command-and-control policy?
100
This is where all new regulations are posted and is called the "federal billboard."
What is the federal register?
200
This commission regulates all interstate transportation.
What is the Department of Transportation (DOT)?
200
This is the transfer of business ownership from the public (governmental) sector to the private sector.
What is privatization?
200
Federal regulation of the private sector began in this year.
What is 1887?
200
The name for set of rules that are established by individual regulatory agencies.
What are guidelines?
200
This is the formal definition of regulation in regards to the American economy.
What is the use of governmental authority to control or change some practice in the private sector?
300
This group ensures public health by regulating tobacco production, prescription drugs, food safety, medical devices, and vaccines.
What is the Food and Drug Administration (FDA)?
300
These are two of the three arguments against national regulation of the public sector.
What are raises prices, hurts America's financial position abroad, and does not always function as intended?
300
This 1877 case upheld the right of the government to regulate operations of a business firm.
What is Munn v. Illinois?
300
This is the recent trend of regulation in the United States.
What is gradually increasing?
300
This is the codification of the general and permanent rules of federal regulation established by executive departments and agencies.
What is the Code of Federal Regulations (CFR)?
400
This agency protects consumers by eliminating monopolistic business practices, and by enforcing the Clayton Antitrust Act.
What is the Federal Trade Commission (FTC)?
400
Critics of deregulation claim that it would cause result in these outcomes.
What are lower safety standards for workers, increased amounts of pollution, and poor food quality?
400
These are the duties of the Interstate Commerce Commission.
What are regulate railroad prices and provide railroad services to nearby farmers?
400
These are the three elements that all regulation must contain.
What are a grant of power and a set of directions from Congress, a set of rules and guidelines by the respective regulatory agency, and some means of enforcing the regulation?
400
This agency regulates safety in the workplace, and provides education and training to employees.
What is the Occupational Safety and Health Administration (OSHA)?
500
This organization regulates the purchasing and selling of stocks, and protects the investing public against corrupt practices.
What is the Security and Exchange Commission (SEC)?
500
Criticism of deregulation in regards to environmental protection skyrocketed during this president's administration.
Who is Ronald Reagan?
500
This bureaucratic commission set the precedent for regulatory policy making.
What is the Interstate Commerce Commission (ICC)?
500
This is a fiscal system where market-like strategies, including high taxes and/or financial incentives, are used to manage public policy.
What is the incentive system?
500
These are arguments against the incentive system.
What are penalties would be imposed only after severe damage is done, and it would take a large bureaucracy to carefully monitor business practices?