Understanding Consumer and Worker Protection

Understanding Consumer and Worker Protection

Assessment

Flashcard

Social Studies

11th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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10 questions

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1.

FLASHCARD QUESTION

Front

What is the primary role of regulatory agencies?

Back

To set and enforce standards

2.

FLASHCARD QUESTION

Front

What does "regulatory capture" refer to?

Back

Agencies favoring industry over public interest

3.

FLASHCARD QUESTION

Front

What is the definition of deregulation?

Back

Removing government restrictions to promote competition

4.

FLASHCARD QUESTION

Front

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

Back

Pollution

5.

FLASHCARD QUESTION

Front

What is a cap-and-trade system?

Back

A system where companies can buy and sell emission allowances.

6.

FLASHCARD QUESTION

Front

What is the "Tragedy of the Commons"?

Back

Overuse of a shared resource due to lack of responsibility

7.

FLASHCARD QUESTION

Front

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

Back

National defense

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