Regulatory Agencies

Which of these is the responsibility of the Federal Trade Commission (FTC)?

• Inspecting and improving new medications

• enforcing state and local environmental regulations

• resolving disputes between labor and management

• false claims in advertising and marketing

Which agency makes sure that airplane travel is safe?

• Federal Trade Commission (FTC)

• Food and Drug Administration (FDA)

• Federal Communications Commission (FCC)

• Federal Aviation Administration (FAA)

Which of the following problems would most likely be regulated by the Food and Drug Administration (FDA)?

• A factory has been letting toxic chemicals seep into the soil.

• Several children have become ill after drinking baby formula.

• During bad weather, hundreds of passengers are stranded in airports.

• An unlicensed radio station has begun operating, interfering with another station's signal.

Which of these is a responsibility of the Drug Enforcement Agency (DEA)?

• Inspecting and improving new medicines

• enforcing state and local environmental regulations

• Enforcing the country's laws about illegal drugs

• Resolving disputes between labor (workers) and management (bosses)

Which of these government agencies would be responsible for developing proposals to preserve wetlands, such as swamps, bogs, and marshes?

• Environmental Protection Agency (EPA)

• Federal Trade Commission (FTC)

• Federal Communications Commission (FCC)

• Food and Drug Administration (FDA)

Which agency operates as the nation's central bank and serves to ensure that adequate amounts of currency and coins are in circulation?

• The U.S. Mint

• The BEP

• The Bank of the United States

• The Fed

Which not-for-profit agency ensures that banks, lenders, and other financial companies treat customers fairly?

• Department of Commerce

• General Services Administration

• Consumer Product Safety Commission

• Consumer Financial Protection Bureau (CFPB)

What branch of government do regulatory agencies come under?

• Executive

• Judicial

• Legislative

What role do agencies play in government?

• Regulate certain parts of the economy

• Give loans to small businesses

• Help form monopolies

• Help the congressmen

Which action represents a way the federal government can promotes business competition?

• Punishing polluters

• Regulating Investors

• Enforcing tarrifs

• Prohibiting monopolies