Question

What argument supports federal government regulation of industry?

Effective government regulations create incentives for
businesses in various industries.
If states are allowed to create their own regulations, they may
O lower standards to attract businesses, which could then harm
the environment.
Regulation allows for greater choice by consumers, which
people have come to expect.
States are better able to decide their own needs, and federal
regulation supports this.

Answer 1

Federal government regulation of industry creates incentives, prevents harm to the environment, and protects consumers.

Step-by-step explanation:

One argument supporting federal government regulation of industry is that it creates incentives for businesses in various industries. These incentives can encourage businesses to operate in ways that are beneficial to the economy, the environment, and society as a whole.

Another argument is that if states are allowed to create their own regulations, they may lower standards to attract businesses, which could then harm the environment. This can create a race to the bottom where states compete by sacrificing environmental or safety regulations.

Regulation also allows for greater choice by consumers, which people have come to expect. By enforcing certain standards and ensuring fair practices, regulation can increase consumer confidence and protect them from harmful or fraudulent products and services.

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