regulations of business

Question 1

industrial policy

Answer 1

The two policy tools that that government uses to influence business are privatization and industrial policy.These are both nonregulatory measures.

Question 2

coordinated targeting.

Answer 2

another definition of industrial policy - you target industries or firms with a gov’t plan (eg tarrifs)

Question 3

5 schools of though for industrial policy

Answer 3

accelerationists(sunrise), adjusters(sunset), targeters, central planners(macroeconomics) and bankers(federally backed bank)

Question 4

sherman act

Answer 4

1890, antitrust regluation, was vague

Question 5

clayton act

Answer 5

1914, antitrust regluation to prohibit price discrimination, tying and exclusive agreements, and the acquisition of stock in another corporation when the result is to substantially lessen competition or create a monopoly.

Question 6

federal trade commission act

Answer 6

1914, created FTC, regulates marketing practices and prohibits unfair methods of competition. (enforce clayton and sherman)

Question 7

william taft

Answer 7

filed twice antritrust lawsuits as theodore roosevelt (who is trustbuster)

Question 8

SEC

Answer 8

1934, Securities and Exchange Commission (SEC) . regulate the securities industry and prohibits certain types of conduct in the market such as insider trading.

Question 9

new deal

Answer 9

franklin roosevelt and john keynes, govt spending to stimulate economy

Question 10

ICC

Answer 10

1887, interstate commerce commission, railroad charges were reasonable but had little power

Question 11

RLA

Answer 11

1926, railway labor act. collective bargaining

Question 12

wagner act

Answer 12

National Labor Relations Act of 1935. The most important aspect of the NLRA was that it guaranteed workers’ rights to collectively bargain with employers.

Question 13

food drug cosmetic act

Answer 13

1938. requirement that all new drug applications would have to include full reports showing whether or not the drug was safe to use and work as intended.

Question 14

OSHA

Answer 14

1970 Occupational Safety and Health Act , requires employers to provide safe and healthy working conditions for employees.

Question 15

Civil Rights Act of 1964

Answer 15

applies to all public and private employees, labor organizations, and employment agencies. Title VII of that act specifically bans discrimination in employment. Contrary to what many people believe, Title VII does not prohibit the asking of any types of questions, such as How old are you? What is forbidden is the misuse of information gained in this way.

Question 16

EEOA

Answer 16

The Equal Employment Opportunity Act of 1972 (EEOA) extended the coverage of the Civil Rights Act (1964) to include state and local governments as well as public and private educational institutions.

Question 17

Clean Water Act

Answer 17

1972 passed under President Nixon’s administration, essentially replaced the Water Pollution Control Act. Its goal was to maintain or clean up water in the United States to be “fishable and swimmable,” and to eliminate the discharge of all pollutants into navigable waters.

Question 18

OGE

Answer 18

The Office of Government Ethics (OGE), a small agency within the executive branch, was established by the Ethics in Government Act of 1978. Originally part of the Office of Personnel Management, OGE became a separate agency on October 1, 1989 as part of the Office of Government Ethics Reauthorization Act of 1988.