Question

How does the role of the department of labor (DOL) in the economy differ from that of the securities and exchange commission(SEC)?
A) The DOL oversees trade issues while the SEC is the nation's central bank
B) The DOL protects workers while the SEC oversees the stock market.
C) The DOL promotes economic growth while the SEC regulates that growth
D) The DOL addresses labor issues around the world while the SEC protects workers in the united states.

Answer 1

Answer:

B) The DOL protects workers while the SEC oversees the stock market.

Explanation:

The department of labor primary responsibilities is catering to the welfare of retirees, job seekers, and workers. The DOL promotes the well-being of employees by advocating for better working conditions and protecting their health care and retirement benefits. Department of Labor seeks to have employees profit from their time in employment. It administers several laws that concern workers, such as the occupation, health and safety, and the minimum wages.

The Securities and Exchange Commission (SEC) is a federal agency body that regulates the securities industry. The SEC proposes the rules in the securities exchange and options markets.  The body promotes and demands integrity and fair practices from all players in the securities exchange industry.