1. Why regulate the economy at all? Administrative agencies have the power to create regulations, to investigate businesses for compliance, and to enforce statutory and administrative law. People disagree as to how much regulation is required, but most people agree it is a practical necessity. Do not merely list the reasons as to why it is necessary to regulate the economy. Write 2-3 sentences for each of the 3 reasons you selected. Your answer should demonstrate a clear understanding as to why the economy is regulated. 2. Give five examples of activities you perform in your daily life and explain the agency that controls/impacts your performance of that function