Understanding Consumer and Worker Protection

Front

What is the primary role of regulatory agencies?

Back

To set and enforce standards

Front

What does "regulatory capture" refer to?

Back

Agencies favoring industry over public interest

Front

What is the definition of deregulation?

Back

Removing government restrictions to promote competition

Front

Which of the following is an example of a negative externality? Education, Pollution, Healthcare, Innovation

Back

Pollution

Front

What is a cap-and-trade system?

Back

A system where companies can buy and sell emission allowances.

Front

What is the "Tragedy of the Commons"?

Back

Overuse of a shared resource due to lack of responsibility

Front

Which of the following is an example of a public good?
Private healthcare,
National defense,
Personal vehicles,
Luxury goods

Back

National defense

Front

What is the purpose of economic stimulus?

Back

To promote economic growth

Front

What does economic mobility refer to?

Back

The ability to improve economic status

Front

What is an in-kind transfer?

Back

A government benefit in goods or vouchers