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:

Finance Policies

Rules, regulations, and practices that govern the management, administration, and planning of financial resources.

Kahneman and Tversky

Two psychologists renowned for their contributions to the understanding of judgment and decision-making psychology, alongside their work in behavioral economics.

Sure Thing

A situation or outcome that is guaranteed or considered to be a certainty.

Risky Gamble

The act of taking dangerous chances in the hope of achieving a desired result, often with the potential for significant loss.