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Are You a Regulation Expert?

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Questions and Answers

What is the purpose of administrative regulation?

To control for market failures (correct)

To limit Congress' power

To address blind people getting hit by hybrid cars

To create necessary laws

Why is regulation necessary to address externalities and transaction costs?

To rectify costs not considered in decision making (correct)

To create necessary laws

To limit Congress' power

To ensure decisions benefit the public as a whole

What is the Pedestrian Safety Enhancement Act?

A law delegating legislative power to agencies

A law limiting Congress' power

A law regulating market failures

A law introduced to address blind people getting hit by hybrid cars (correct)

Who was the Pedestrian Safety Enhancement Act directed to?

The Secretary of Transportation Signup and view all the answers

What happened to the Pedestrian Safety Enhancement Act before it was passed?

It went through a comment period Signup and view all the answers

What does the non-delegation doctrine limit Congress from doing?

Delegating legislative power to agencies Signup and view all the answers

What must Congress provide when delegating legislative abilities to agencies?

An "intelligible principle" for agencies to follow Signup and view all the answers

Study Notes

Constitutional provisions allow Congress to create necessary laws.
Administrative regulation is necessary to control for market failures.
Externalities and transaction costs require regulation to rectify costs not considered in decision making.
Collective action problems require regulation to ensure decisions benefit the public as a whole.
The Pedestrian Safety Enhancement Act was introduced to address blind people getting hit by hybrid cars.
The Act was directed to the Secretary of Transportation to come up with a law.
The Act went through a comment period before being passed.
The non-delegation doctrine limits Congress from delegating legislative power to agencies.
Agencies legislate, adjudicate, and enforce, which poses a conflict with the non-delegation clause.
Congress must provide an "intelligible principle" for agencies to follow when delegating legislative abilities.

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Description

Test your knowledge on regulatory powers and the role of Congress and administrative agencies in creating and enforcing laws. Explore the concepts of externalities, transaction costs, and collective action problems, and learn about the Pedestrian Safety Enhancement Act and the non-delegation doctrine. This quiz will challenge your understanding of the legal framework governing regulation and the balance of power between Congress and administrative agencies. Sharpen your legal knowledge and impress your colleagues with your expertise in regulatory law.