Which of the following best describes how the U.S. government has established the rules in which the markets operate?(1 point)

Question

Responses

The government creates an issue, organizes a regulatory agency, and puts that agency in charge of creating rules and regulations for that part of the market.
The government creates an issue, organizes a regulatory agency, and puts that agency in charge of creating rules and regulations for that part of the market.

The government notices an issue, creates a regulatory agency, and the president makes rules and regulations for that part of the market.
The government notices an issue, creates a regulatory agency, and the president makes rules and regulations for that part of the market.

The government notices an issue, creates a regulatory agency to oversee the issue, and puts that agency in charge of creating rules and regulations for that part of market.
The government notices an issue, creates a regulatory agency to oversee the issue, and puts that agency in charge of creating rules and regulations for that part of market.

The government creates a regulatory agency, and puts that agency in charge of determining what the potential issues might be in that part of the market.

Answer 1

The best description of how the U.S. government has established the rules in which the markets operate is:

The government notices an issue, creates a regulatory agency to oversee the issue, and puts that agency in charge of creating rules and regulations for that part of the market.

This choice accurately reflects the typical process where the government identifies a problem in the market, establishes an agency to address it, and empowers that agency to create relevant rules and regulations.