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. Your book provides a variety of reasons as to why it may be necessary to regulate the economy.

Select 3 reasons for regulation that are discussed in your book and that you find interesting. Perhaps you agree or disagree with the author, or perhaps you hadn’t considered the topic before. Keep in mind that even if you have no personal interest now, you will have an interest when your business concerns are regulated in the future.

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. If you disagree with the author, you may explain why. If you can not come up with 2-3 sentences for each “reason”, select additional reasons to discuss.

Possible discussion points:

• Is your classmate's summary of the article complete and accurate?
• Do you agree or disagree with your classmate's evaluation? If you agree, is there another view point to be considered?
• Is there additional information in the article that you find interesting?