The First Regulatory Agencies Congress Established Were

question 26

Multiple Choice

The first regulatory agencies Congress established were

• A) in the Department of Commerce.
• B) independent regulatory commissions.
• C) government corporations.
• D) in the Labor Department.

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Definitions:

Remittances

Remittances are funds transferred by foreign workers to their home countries, serving as a vital source of income for families and economies in many developing countries.

Gains From Immigration

The economic or social benefits that accrue to a country as a result of immigration, including increased labor force and cultural diversity.

Labor Force

Comprises all the working-age people in an economy who are employed or are actively seeking employment.

Explicit Cost

Direct payment made to others in the process of running a business, such as wages, rent, and materials.