Question

Identify two things that are regulated in our economy and explain why.

Answer 1

Toxic Substances: The Toxic Substances and Control Act regulates the manufacture and sale of toxic substances in the United States to ensure that safe products are made and sold and to keep dangerous poisons out of the hand of people.

Food: There are a variety of food based regulation programs in the United States that work to ensure that people don't get sick from eating the food that they eat. This can include programs to ensure the safe transportation and storage of seafood to the cleanest and most hygienic slaughter of beef cattle.