Governments Choose to Mandate Participation in a Program,like Auto Insurance,when

question 13

Multiple Choice

Governments choose to mandate participation in a program,like auto insurance,when:

• A) the functioning of those markets is thought to be in the public interest.
• B) the market would not otherwise exist.
• C) the market would exist illegally.
• D) None of these statements is true.

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Definitions:

Freedom of Information Act

A federal law in the United States that allows for the full or partial disclosure of previously unreleased information and documents controlled by the government.

Administrative Procedures Act

A federal statute that governs the way administrative agencies of the United States government may propose and establish regulations, ensuring transparency and fairness.

Hybrid Rule Making

A type of rule making that combines features of both formal and informal rule making; consists of publication in the Federal Register, a written-comment period, and an informal public hearing with restricted cross-examination.

Enabling Legislation

A statute that specifies the name, functions, and specific powers of an administrative agency and grants the agency broad powers for the purpose of serving the “public interest, convenience, and necessity.”