What is regulation in an economic system? a. regulation is the placing of limits or restrictions on business activity by the government. b. regulation is the placing of limits or restrictions on business activity by producers. c. regulation is the removal of limits or restrictions on business activity by the government. d. regulation is the removal of limits or restrictions on business activity by producers.

Regulatory economics is the development of government-issued rules or laws that use regulation as a form of intervention to control the activity of businesses, individual or private sector firms for a multitude of purposes.  

Therefore, the correct answer is A. Regulation is the placing of limits or restrictions on business activity by the government.

The correct option is (A). Regulation is the placing of limits or restrictions on business activity by the government.  

Further Explanation:

Regulation is the most important way in which the administration influences the United States’ “market economy”. The scope of “government regulations” is huge and it reaches all “sectors” of the “economy” and all aspects of individuals’ daily lives.

Regulation is also called “administrative” laws or rules. Regulations are the “main vehicles” by which the “federal government” implements agency and laws objectives. Regulations are “specific standards” or “instructions” concerning what people, businesses, and other “organizations” can or cannot accomplish.

The market economy needs clear rules and regulations to function proficiently. Without a “legal framework” enforcing and establishing property rights and the ‘rules of the game’, our “free enterprise” system couldn’t exist. Regulations issued by the “executive branch” affects every part of individuals’ daily lives.  

Learn More:

1.Though the outcomes of Schenck and New York times differed, what did these decisions have in common? The government has a heavy burden to prove harm. The government can limit speech that causes harm. The government has unlimited power to limit speech. The government must follow the first amendment.

2.in the case roe v. wade, the supreme court ruled that state laws

Answer Details:

Grade: High School

Chapter: Regulations and the Economy

Subject: Social Studies

Keywords:

regulation, economy, administration, market economy, federal government, organizations, free enterprise, instructions, laws

answer; /// i believe that the correct answer is (c)