Which One of the Following Is Concerned with Industrial Regulation

question 235

Multiple Choice

Which one of the following is concerned with industrial regulation, as distinct from social regulation?

• A) Occupational Safety and Health Administration
• B) Consumer Products Safety Commission
• C) Federal Communications Commission
• D) Environmental Protection Agency

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Definitions:

Peak Driving

Peak driving refers to periods of high demand for gasoline, often coinciding with certain times of the year like summer holidays, resulting in higher gasoline prices due to increased consumption.

Pollution Rights

Tradable permits allowing the holder to emit a certain amount of pollution, used to control the level of pollutants by setting a market price for emissions.

Moral Hazard

A situation in finance and insurance where one party takes on excessive risk because they don't bear the full consequences of their actions.