Question

What are the main purposes of regulatory policies? Check all that apply.

Answer 1

Answer:

• to protect constitutional rights, safety, and fairness.
• to ensure that property rights are protected.
• to create regulation in a mixed-market economy only when needed.

A government can influence the economy through regulatory policies. These policies aim to limit what can be done in the marketplace. Regulations cover areas such as banking, insurance and wages. These regulations are designed to protect constitutional rights and ensure safety and fairness. They also protect property rights. Government regulation does not try to give producers an advantage over consumers, nor does it allow producers and consumers to interact completely free of government interference. However, it does try to regulate the economy only when it is needed. This is not always done right, which can lead to overregulation or deregulation.

Answer 2

To protect constitutional rights, safety, and fairness      
To ensure that property rights are protected                                                          To create regulation in a mixed-market economy only when needed