Describe an independent regulatory agency. List the major independent regulatory agencies.
What will be an ideal response?
Answers will vary. An independent regulatory agency is responsible for a specific type of public policy. Its function is to create and implement rules that regulate private activity and protect the public interest in a particular sector of the economy.One of the earliest independent regulatory agencies was the Interstate Commerce Commission (ICC), established in 1887. (This agency was abolished in 1995.) After the ICC was formed, other agencies were created to regulate aviation (the Civil Aeronautics Board, or CAB, which was abolished in 1985), communications (the Federal Communications Commission, or FCC), the stock market (the Securities and Exchange Commission, or SEC), and many other areas of business.The Federal Reserve System (Fed), the Federal Trade Commission (FTC), the Securities and Exchange Commission (SEC), the Federal Communications Commission (FCC), the National Labor Relations Board (NLRB), and the Equal Employment Opportunity Commission (EEOC) aresome of the major independent regulatory agencies.
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The legislature of the combined state of Coahuila and Texas had an equal number of Texans and Coahuilans represented in the legislature
Indicate whether the statement is true or false.
A right-to-work law __________
a. is a provision of the Constitution of 1876 that guarantees each Texan the right to work at a living wage b. was a proposed revision to the Constitution of 1876 c. was proposed as a revision to the Constitution of 1876 that would have required all employers with at least 100 employees to be union shops d. demonstrates the power of labor unions over the power of businesses