Question

His photo shows a label that appears on food products in the United States. This label is an example of producer innovation in a market economy. Freedom in the free-enterprise system. Regulation by a government agency. Competition between businesses.

Answer 1

Answer:

Regulation by a government agency.

Explanation:

In a market economy, companies compete with each other and have some degree of economic freedom. However, the Government acts as a regulator in order to maintain the healthy economic environment and to ensure the good origin of the products, which ensures that consumers will not be harmed. The government does this through regulatory agencies. Product labeling is an example of government regulation. Food and Drug Administration is the regulatory agency that outlines food labeling guidelines. In this context, producers are required to report the characteristics, composition, calories, weight and nutritional information of the products. This is required because there is the understanding that consumers have the right to be informed about the product they are buying. So this is an example of regulation by a government agency.

Answer 2

Answer:

The correct answer would be option C, Regulation by a government agency.

Explanation:

There is no photo given, but i searched it on internet and i found that a photo labeling the Nutritional Facts is attached with this question at some other sites. So taking that into account, it is clear that the label of nutritional facts appear on all products produced by all producers in the country because it is a regulation by a government agency which asks producers to write down the nutritional value for the product they are making to make the people aware of the nutrition of the product which they are going to buy. So option C would be the appropriate answer.