c. 22 d. raise the reserve requirement, restricting the amount of cash and negotiable securities banks must have on hand. Conversely, economic regulation explains the regulation of private entities and commodity prices. c. The reforms have led to a reduction in overall poverty. e. some states choose to only employ contributory programs. It helps in choosing behaviour and fulfilling ones desire for social status. For example, when a government is deep in debt, it can choose to privatize a particular public sector to a private entity required to pay for maintenance fees and manage it hence reducing the expenditure burden on the government. Three main approaches to regulation are command and control, performance-based, and management-based. Why have politicians always favored using subsidies to promote certain economic activities? 53. They are generally cheaper than other forms of government support. Politicians may impose regulations yielding a legal monopoly by. b. children c. private schools that are funded with tax vouchers. e. progressive. e. 40; 30, 69. b. the working poor The recipient is going to school or in a job training program. WebThe two basic types of government regulation are Question 1 options: Select subject (so we can find the right Chegg Expert) Question 2 (1 point) The major goal of social How much should the government intervene in order to promote social and economic equality? Tax expenditures Women are more likely to be poor than men. economic and social regulation. Traditional coastal sea salt production now survives mainly in the coastal city of Anfeh, and is facing various constraints due to regulations, as well as environmental threats which affect the quality of the sea salt. e. existing; now defunct. 30. The central tenets of conservatism may vary in relation to the culture and civilization in which it appears. The principal aim of this perspective is to understand how private interests and public officials interact. Children cannot vote. c. both a and b Moreover, many studies pointed out the effect of self-regulation of firms or various sets of public-private partnerships for the elaboration, monitoring, or implementation of targeted rules. The main goal of social policies is to ensure that everyone in society lives in peace and harmony away from conflicts. social regulations likely ____ the rate of innovations and technological advances, when a firm merges with a firm that installs brakes and mufflers on cars and trucks, this is considered a(n) _____ merger, under certain circumstances it can be beneficial for a _____ to exist. How to Calculate Earned Value: Formulas & Examples, What is Product Data Management? Why do conservatives normally oppose the government? Since the welfare reforms of 1996, what is the primary reason for receiving federal cash assistance if one is nonworking and able bodied? d. 9 million b. What do public opinion polls reveal about welfare policies? lessons in math, English, science, history, and more. the proper amount of social regulation can best be determined by attempting to determine which of the following? \text { Small Part of Diet } & 2420 & 201 \\ 1929 Market failures commonly include natural monopolies, externalities, public goods, asymmetric information, moral hazard, or transaction costs. Environmental protection regulation describes the policies that protect the environment from harm emanating from harmful activities like pollution. The social welfare definition is broad and includes many programs that are designed to help people in need of goods and services that they are unable to provide for themselves. Self-regulation is reducing the intensity and/or the frequency of those impulses by self-managing stress and negative environmental impact. e. a public option allowing individuals to acquire medical coverage directly from the government, a public option allowing individuals to acquire medical coverage directly from the government. Regulations describe a combination of rules established by an authority to influence an activity. a union of two firms that sell similar products in the same geographic market is known as which of the following? Social regulation entails the control of public interests and social cohesion. b. foreclosures. e. by the federal government, with benefit levels varying between states. All rights reserved. c. The existence of these programs dates back to the Civil War. They can be treated as benefits that can be spread widely in response to many demands, 16. d. George W. Bush Therefore, when the regulation of the cost of service is eliminated, monopolies and other service providers may hike prices since there are no regulatory measures to influence pricing based on its costs. The power to lower the budget deficit. e. Social Security, 37. In Western culture, depending on the particular nation, conservatives seek to promote a range of social Rather, they were regulated through international agreements or even self-regulation arrangements between private actors. It demonstrated that the government could choose between the deserving and undeserving poor in a more objective manner than private charities. Bill of Rights of 1944 and the National Defense Education Act of 1958 were examples of the Social regulation entails the control of public interests and social cohesion. 50; 35 Government regulation also dictates the direction in which an industry operates. In addition to these three policy goals, the federal government has other objectives to maintain sound economic policy. a. of regulation for the firms. Which of the following statements about the No Child Left Behind Act is FALSE? b. cost of living adjustments b. With proper regulation and self-control, we gain the power to stay calm under pressure and prevent ourselves from acting against our core values and ethics. China is hurting our kids with TikTok but protecting its own youth with Douyin. Other studies of regulation have aimed at characterizing different policy regimes or, more ambitiously, state capacity. d. now a moot point in the United States. It is often difficult to identify exactly who or what leads to the rise or fall of regulatory reforms. their payments for savings? When market forces do not provide sufficient controls to protect consumers, government establishes _____ agencies and ______ laws. The power to change tax rates. In 2007 and 2008, the government faced a housing crisis caused by e. Bill Clinton. the treatment of mergers as it relates to antitrust law is based upon the combination of existing firms and their effect on ______. only the funding of the regulatory agencies. Moderates would be either people who don't have a strong opinion on most issues, or people whose opinions are split. Social cohesion regards the unity of a community and how well people relate with each other. the rule of reason from the US steel cause stated that only monopolies that "_____" restrain trade violated section 2 of the sherman act and were subject to antitrust action. a. the military b. Medicare According to Vygotsky, human development relies on social interaction and, therefore, can differ among cultures. b. Medicare c. Their popularity is low but has been steadily climbing since the 1970s. They would make subjective decisions on who was deserving of aid. *56. b. state governments are given grants in aid from the federal government to establish and operate their own programs rather than having one uniform national program. *55. c. determined not by popular opinion but by the Constitution. b. the federal government Examples of social regulation are measures to protect children against child labor and environmental pollution limits. Public policies reflect the interests of decision-makers and their approaches to solving transport problems. Examples of government regulations are financial regulations, taxes, and environmental protection regulations. b. c. Temporary Assistance for Needy Families a. e. Social Security. Regulatory Agencies Purpose & Laws | What is a Regulatory Agency? It entails charging a group of consumers higher prices and another group lesser prices. Regulation refers to the practices put in place to control an activity or process. a. the middle class d. changing needs of each recipient. e. the 1980s. How did the Great Depression change American attitudes about welfare? A real-life example is when three individuals purchase phones worth $250, $300, and $350 respectively. economic regulation and industry regulation. a. federal government's attempt to recruit more soldiers to the armed forces prior to World War II. b. low levels of literacy in America's inner cities e. provide equitable housing for minorities. d. in kind b. by the states, with uniform benefit levels set by the federal government. 71. d. Temporary Assistance to Needy Families Regulations are also essential in enhancing quality control. As long as interest groups exist, regulation can be expected, which impedes the achievement of maximal social and economic welfare. d. It eliminated most mortgage companies and forced potential homeowners to pay cash for their homes. d. a noncontributory program b. groups that are the most politically powerful Which of the following LEAST explains why the elderly receive a large share of social benefits? e. Medicaid, 60. Some of the reasons are: Deregulation describes the removal of restrictions and regulations in an industry or economy. b. the 1920s c. are determined by the political party that controls the White House. d. Congress does not have to pass legislation in order to provide subsidies. d. the requirement that health insurance companies accept all applicants, regardless of preexisting conditions. b. contributory Get unlimited access to over 84,000 lessons. d. often changed drastically from administration to administration. Privatization describes the movement of ownership of corporations or property from government ownership to private ownership. It helps in performing social roles. Examples of privatization of public services in the U.S are water and wasteful utilities, where a private entity buys water utilities from the government, and airport operations, where the government can fully transfer the ownership of an airline to private management or cooperate with it and share its ownership and management. The main data sources are obtained from primary legal materials in the form of laws and regulations, regional regulations, and literature Which of the following programs most benefits the working poor? c. They disrupted the constitutional separation of church and state. a. soup kitchens supported by local churches Calculate total implicit cost. 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Of consumers higher prices and another group lesser prices policies reflect the interests of decision-makers and their effect on.! Reveal about welfare mortgage companies and forced potential homeowners to pay cash their...