Social regulation differs from industrial regulation in that
A) social regulation applies to virtually all industries, while industrial regulation applies to a restricted number.
B) industrial regulation is involved in the details of the production process, while social regulation is not.
C) social regulation has expanded less rapidly in recent years than has industrial regulation.
D) industrial regulation regulates products, whereas social regulation regulates prices.

Question

Quizplus · Accepted Answer

Social regulation aims to protect public health, safety, and welfare and applies to all industries, including those not subject to industrial regulation. Industrial regulation, on the other hand, applies only to specific industries, such as transportation or energy, and regulates aspects such as production processes or pricing. Therefore, option A is the correct choice.

Social Regulation Differs from Industrial Regulation in That