The government may impose industrial safety regulations and occupational licensing requirements in which of the following economic systems?

Question

Quizplus · Accepted Answer

In a mixed-market economy, the government has a role in regulating certain aspects of the economy, including industrial safety regulations and occupational licensing requirements. In a laissez-faire economy or pure capitalism, the government typically has little to no involvement in these areas. A macroeconomic system is a broad term that encompasses different economic systems and does not provide enough information to determine whether industrial safety regulations and licensing requirements would be imposed.

The Government May Impose Industrial Safety Regulations and Occupational Licensing