Final answer:
The claim that government agencies do not establish regulations to protect consumers is false. Agencies like OSHA, FDA, and others enforce safety and fairness in the marketplace. Regulatory bodies have the authority to set and enforce standards that companies must follow.
Step-by-step explanation:
The statement that government agencies do not establish regulations to protect consumers of manufactured goods and services against safety hazards and unjust services and fees is false. Government entities like the Occupational Safety and Health Administration (OSHA), the Food and Drug Administration (FDA), and the Bureau of Consumer Protection are established to ensure consumer safety and fair business practices. These agencies enforce standards that prevent businesses from misleading consumers and causing harm through unsafe products or environmental damage.
Furthermore, governmental bodies like the Environmental Protection Agency (EPA) play a crucial role in monitoring and controlling the impact of businesses on natural resources. While governmental agencies do not face market competition as private-sector firms do, they are subject to oversight and can be reorganized to improve efficiency and responsiveness to the public's needs.
In summary, various independent regulatory agencies have substantial authority to implement and enforce regulations, such as the Federal Communications Commission and the Securities and Exchange Commission, which are less influenced by partisan politics and aim to maintain fair and safe market conditions for consumers.