Why Did Congress Begin to Adopt National Business Regulations

question 92

Multiple Choice

Why did Congress begin to adopt national business regulations?

• A)They wanted to increase the amount of money that the government earns from monopolies.
• B)They thought that government-sponsored monopolies were the best way to provide services to consumers in most industries.
• C)They wanted to alleviate the burdens that companies faced of adapting to the regulatory inconsistencies across states.
• D)They wanted to encourage the development of an automotive industry that would strengthen America's position in the world economy.
• E)Occasional bubbles,fostered by regulation,are actually a healthy part of a market economy.

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Definitions:

Over-Capacity

occurs when a business or economy has more goods or services available than there is demand for them, often leading to inefficiencies and reduced prices.

Market Type

A classification that describes the nature and characteristics of a market, based on its competition level, participants, and structure.

Improved Product

A product that has been enhanced in terms of quality, features, or performance compared to its previous versions.

Obsolete

Refers to products, technologies, or methods that are no longer used because newer ones have replaced them.