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CLEP US Government

Category - Gov. Institutions

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When the government uses its authority to change or control a practice in the private sector, it is called:

Oversight
Financing
Laissez faire economics
Regulation
Law-making

Explanation

Answer: D - Regulation is when the government intervenes in how private companies or organizations perform certain things. One example of regulation is when the government tries to ensure that food is safe to eat. Many of these regulations are designed to help protect the general public.

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