Identify one or more industries governed by regulations. What do those regulations require? What agency or entity creates and enforces those regulations?

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Trinidad TremblayLv2

16 Jul 2019

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Environmental regulations stimulate some sectors of the economy by:

A. Creating jobs in industries like environmental consulting, asbestos abatement, and instrument manufacturing.

B. Saving jobs in industries like fishing and tourism when natural areas are protected or restored.

C. Compelling businesses to become more efficient by conserving energy.

D. All of the above

azuredog78

The North American Free Trade Agreement (NAFTA) is a trade agreement between the United States, Canada, and Mexico whose purpose is to eliminate tariffs between the countries and promote all aspects of international trade.

There are many arguments for and against the treaty. One of the arguments against centers on the fact that Mexican industries do not have to meet the same environmental regulations as industries in the United States and Canada. The U.S. and Canada have intervened in the marketplace and tried to internalize some of the costs of pollution by placing regulations on the amount of pollutants that industries can emit.

Opponents of NAFTA point out that pollution is largely a free good in Mexico, and that being free to pollute gives industries in Mexico an economic advantage over those in the U.S. and Canada. Is there anything in what we have studied, particularly in Chapter 14, that can point us towards an equitable solution to this problem while still protecting the environment we all share? What is that solution?

The United States has a variety of regulations to address the economic harm resulting from monopoly power in an industry. This includes the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914. These acts were aimed at restricting the formation of cartels and monopolies to protect consumers and ensure competition. The article The Oligopoly Problem argued that oligopolies fall through the cracks of these regulations and leave consumers unprotected from harmful business practices where industries are highly concentrated. Read the article and respond to the following in your initial post: What are examples of firms in an oligopolistic market that abuse their power? Explain how they abuse their power and describe the impact on consumers. Do you agree with the author's feelings about increased government oversight of such industries? Why or why not?

purplehornet692

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Identify one or more industries governed by regulations. What do those regulations require? What agency or entity creates and enforces those regulations?

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