Which statement accurately reflects how regulatory policy is typically used with regard to the economy?

Question

Quizplus · Accepted Answer

Regulatory policy is typically used to protect society from unsafe business practices, negative externalities such as pollution, and to ensure fair competition. While regulations may have some impact on economic growth, their primary focus is on protecting the public interest.

Answer: D
 Regulations can be applied to address unique situations, such as a specific issue or business that poses a risk to the public or environment. However, regulations are also used more broadly to ensure fair competition and protect consumers, workers, and the environment.

Which Statement Accurately Reflects How Regulatory Policy Is Typically Used