What Did Congress Do in 1995 to Reduce Overregulation

question 14

Multiple Choice

What did Congress do in 1995 to reduce overregulation?

• A)It cut funding for regulatory agencies like the EPA and Securities and Exchange Commission.
• B)It passed the Airlines Deregulation Act,which eliminated government-set airfares and the requirement that airlines provide service to smaller-sized cities.
• C)It restricted the president's ability to directly request administrative regulations from agency heads.
• D)It cut the budget of the Food and Drug Administration.
• E)It enacted legislation that prohibits administrators in some instances from issuing a regulation unless they can show that its benefits outweigh its costs.

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Definitions:

Loanable Funds

The market model that describes the supply and demand for money that is available for borrowing and lending.

Foreign-Currency Exchange

The process of exchanging one country's currency for another, affecting trade, investments, and economic indicators.

Capital Flight

The large-scale exodus of financial assets and capital from a country due to economic instability, political unrest, or unfavorable policies.

Capital Mobility

The ease with which capital or financial assets can move between countries or markets.