One Focus of the Progressive Era of Government Regulation Was

question 24

Multiple Choice

One focus of the Progressive Era of government regulation was

• A)strengthening consumer protection by preventing credit agencies from gouging individuals with high levels of debt.
• B)bolstering worker safety by increasing the power of unions and forcing better safety practices on businesses.
• C)increasing environmental protection and strengthening the EPA.
• D)regulating troubled economic sectors,such as banking.
• E)stopping corrupt business practices such as the sale of unsafe food and drugs.

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Definitions:

Demand Schedule

Shows how much of a given product a household would be willing to buy at different prices for a given time period.

Negative Profits

Financial losses that occur when a business's total costs exceed its total revenues, also known as net loss.

Industry Demand Curve

A graph showing the relationship between the price of a good and the total quantity demanded across the entire market.

Perfectly Competitive

A market scenario characterized by a large number of small firms competing against each other, where each firm makes negligible impact on market prices.