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Asked by Jared Bernardi on May 10, 2024

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The Consumer Product Safety Commission engages in social regulation, rather than industrial regulation.

Social Regulation

Regulation in which government is concerned with the conditions under which goods and services are produced, their physical characteristics, and the impact of their production on society. Differs from industrial regulation.

Consumer Product Safety Commission

A U.S. federal agency responsible for the regulation and prevention of risks of injury from consumer products.

  • Distinguish between different types of regulation (social vs. industrial) and understand their implications.
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Ariadna AyalaMay 15, 2024
Final Answer :
True
Explanation :
The Consumer Product Safety Commission (CPSC) is involved in social regulation because it focuses on protecting the public from unreasonable risks of injury or death associated with consumer products, which is a form of regulation aimed at improving societal welfare rather than regulating the economic aspects of industries.

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