Final answer:
The FBI and IRS are government bodies with law enforcement authority, differing from regulatory agencies that focus on industry-specific regulations. These institutions enforce laws and tax regulations, respectively, and operate without a profit motive, as they are funded through taxes. The correct option is 2.
Step-by-step explanation:
The FBI (Federal Bureau of Investigation) and IRS (Internal Revenue Service) are government bodies that are also recognized as law enforcement agencies. These agencies have a significant role in upholding the law and ensuring compliance with regulations within their specific jurisdictions. The IRS, specifically, deals with the administration of the federal tax system, whereas the FBI is involved in enforcing federal laws, tackling crimes, and ensuring national security.
Both are distinct from what we typically conceive as regulatory agencies, which are created primarily to enact and enforce rules to regulate specific industries or economic sectors. Examples of regulatory agencies include the Federal Communications Commission (FCC) and the Food and Drug Administration (FDA). These agencies operate independently to implement policies and oversee their respective areas with the goal of protecting public welfare.
It's also important to note that while agencies like the FBI and IRS have law enforcement authority, they are part of the broader category of government agencies, which include a variety of entities dedicated to both regulating and providing services without competitive market pressures, as they are funded by taxpayer dollars and report directly to elected officials or governmental bodies.
Hence, Option 2 is correct.