Exam 13: Regulation and the Courts

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In the 1960s, courts accorded federal officials no immunity from tort actions when they perform duties required by law under their control or supervision.

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Define and describe the term externalities.

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Answers will vary. Externalities is a concept that comes from economics and helps justify government regulatory intervention. Also referred to as spillover effects,the term is described by the text through an example of a manufacturing company acting in its own best interests by taking the cheapest route to dispose of its waste,dumping it into the river used to operate the mill. This makes it so communities downstream must pay the cost of cleaning the water and suffer the other effects of pollution. The government would thus be able to justify regulatory action charging the polluter if the downstream costs were high enough.

Government regulation can be broken down into which two overarching types?

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The three main values that are the basis for regulatory administration are ______.

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Regulation has been a power vested in the U.S.government since ______.

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Especially since the ______, presidents have been working hard to exert greater control over government regulation.

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State and local governments can regulate only with the involvement of the federal government.

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Courts regulate the regulators in each of the following ways EXCEPT ______.

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Name the three values at the core of regulatory administration and describe the complexities involved in pursuing them.

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Is regulation strictly an activity of the federal government?

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Unlike economic regulation, social regulation tends to lodge primary responsibility in ______.

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Why is risk assessment relevant to regulation?

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Briefly, what is cost-benefit analysis?

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What are the two roles of state and local government regulation?

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Which of the following is a private lawsuit for money damages, usually brought against a private person or corporation?

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The text argues that U.S.government regulation has been occurring since ______.

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According to the traditional rule, in order to exercise standing to sue, the plaintiff must show that a so-called legal wrong is involved.

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Standing to sue is the legal right of an ______.

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All of the following are generally considered part of the Federal Regulatory Process EXCEPT ______.

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What is the primary method the president uses to regulate the regulators?

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