QUESTION IMAGE
Question
which situation is the best example of regulation in an economic system? a retail business just opened a new store in a community close to its original location. a small clothing shop slashed it prices to attract customers from a larger department store nearby. a farmers market has offered a special deal to customers from a nearby yoga school. a state agency has been created to monitor the production and distribution of sports drinks.
Regulation in an economic system involves government - or state - imposed rules and monitoring. The first three options are business decisions by private entities. The last option, a state agency monitoring production and distribution, is an example of regulation.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
A state agency has been created to monitor the production and distribution of sports drinks.