Match the following.You may use a response once,more than once,or not at all.
-Government establishes laws and rules that dictate what businesses can and cannot do
A)Favors
B)Political action committee
C)Personal contacts
D)Direct regulation
E)Lobbying
F)Indirect regulation

Question

Quizplus · Accepted Answer

Direct regulation is when government establishes laws and rules that directly dictate what businesses can and cannot do.

Answer: F
 Indirect regulation is when the government uses tools such as economic incentives or market competition to influence business behavior.

Answer: E
 Lobbying is a way businesses can try to influence government decisions by hiring lobbyists to communicate their interests to lawmakers.

Answer: A, B, C
 Favors, political action committees, and personal contacts are all ways that businesses can try to influence government decisions, but they are not official government methods of regulating businesses.

Match the Following