Bachelor of General Studies (BGS) Degree Practice Exam

Which agency is an example of an economic regulatory agency?

1. Environmental Protection Agency

2. Federal Communications Commission

3. National Labor Relations Board

4. Consumer Product Safety Commission

The correct answer is: National Labor Relations Board

The National Labor Relations Board serves as an example of an economic regulatory agency because it is responsible for enforcing labor laws in relation to collective bargaining and unfair labor practices. Its primary function is to oversee the interactions between employers and employees, particularly in the context of labor unions. This involves regulating the behavior of both employers and labor organizations to ensure fair practices and protect the rights of workers. The other agencies listed have different focuses: the Environmental Protection Agency concentrates on environmental protection and regulations; the Federal Communications Commission governs interstate and international communications by radio, television, wire, satellite, and cable; and the Consumer Product Safety Commission is focused on protecting the public from unreasonable risks of injury or death associated with consumer products. Therefore, while all these agencies play vital regulatory roles, the National Labor Relations Board's direct involvement in labor relations and economic activities establishes its place as an economic regulatory agency.