Question

Which of these is an example of how the government regulates business in the mixed economy of the United States?

Answer 1

Answer:E

Explanation:The Food and Drug Administration must approve a new drug before it can be sold to the public.

Answer 2

"The Food and Drug Administration must approve a new drug before it can be sold to the public" is an example of how the government regulates business in the mixed economy of the United States.

Answer: Option E

Explanation:

The United States is a mixed economy country where economic freedom is ordered for capital but the government needs to follow intervention for the welfare of public. By this method government shield the private property and coordinate with them by allowing arrival of different business factors.

Here the organizations/companies which are involved in Food and drug manufacturing like Dietary products, immunization and medications products, medical gadgets and equipment like electromagnetic radiation discharging gadgets (ERED) etc.

These are covered by FDA which work under rules and regulations of United States government therefore the verification they provide for products and service showcase the example how U.S government regulate business in its mixed economy.