Question

Federal regulatory agencies have responsibility primarily in the area of

a. economic policy.
b. social-welfare policy.
c. foreign and defense policy.
d. law-enforcement policy.
e. environmental policy.

Answer 1

Federal regulatory agencies are primarily responsible for economic policy, overseeing areas such as worker safety, consumer protection, and environmental regulation.

Step-by-step explanation:

Federal regulatory agencies have responsibility primarily in the area of economic policy. Such agencies include the Occupational Safety and Health Administration (OSHA), which ensures worker safety, and the Environmental Protection Agency (EPA), which helps to prevent pollution of air and waterways. Additionally, the Bureau of Consumer Protection protects consumers from deceptive business practices, while agencies like the Federal Communications Commission (FCC) and the Federal Elections Commission (FEC) have specific areas of focus within their domains. Regulatory changes often include opportunities for public input to gauge opinion and seek outside perspectives.

Other areas where federal regulatory agencies have a role include banking and finance, which are regulated by specific agencies within those industries. Besides these, there are also agencies involved in policy areas of social welfare, such as Social Security and Medicare, and environmental policy, where agencies like the EPA play a significant role.