Question

Rules ensuring that businesses offer safe products to consumers are part of a nation's trade policy. monetary policy. regulatory policy. fiscal policy.

Answer 1

Answer:

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Answer 2

Answer:

Option - regulatory policy is the correct answer.

Explanation:

• Regulatory policy refers to the limitations that governments place on enterprises to promote a more fair and efficient market.
• The basic goal of regulatory policy is to help firms and citizens achieve government objectives by utilising rules and other instruments to improve economic and social outcomes.
• According to the regulatory policy definition, these policies are necessary since they assist economies in flourishing, especially during times of crisis.
• Regulatory and regular policies differ because rules are more restrictive and include penalties for businesses and individuals.
• Normal policies, on the other hand, are rules that assist individuals, companies, and even governments in conducting business and achieving their objectives.

Hence, the regulatory policies that ensure the business offers safe to customers are a part nation's trade policy.

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