The federal government delegates its regulating economic activity function to businesses and consumers.

Question

Quizplus · Accepted Answer

The federal government is responsible for regulating economic activity through various agencies and laws, such as the Federal Trade Commission, Environmental Protection Agency, and Securities and Exchange Commission. While businesses and consumers do have certain responsibilities and impacts on the economy, they are not delegated the task of regulating economic activity at a federal level.

The Federal Government Delegates Its Regulating Economic Activity Function to Businesses