Author Question: Why do most capitalist states engage in some regulation of the economy, and where do we see ... (Read 71 times)

folubunmi · **on:** Jul 10, 2018

Why do most capitalist states engage in some regulation of the economy, and where do we see regulation in the United States? Include discussion of specific legislation.

Answer:

Question 2

Which of the following is an example of middle-class welfare?

a. agricultural subsidies
b. access to national parks and forests
c. Head Start program
d. renter's rebate for an apartment

bobsmith · **Reply #1 on:** Jul 10, 2018

Answer to Question 1

An ideal response will:
1. Include a general discussion of regulation, including the need to minimize abuses and promote healthy competition.
2. Discuss areas where business activities may create unfair advantages for certain industries that try to gain control of their sector of the market.
3. Provide specific examples of regulation in the United States, including but not limited to OSHA, the Clean Air Act, child labor laws, consumer safety laws, and antitrust legislation.

Answer to Question 2

Answer: b