Discuss the following:
• Analyze the current state of the government regulation of product safety to determine whether the referenced agencies are generally proactive or reactive. Provide one (1) specific example of each agency to support your response.
• Compare and contrast the regulatory alternatives of the text in terms of the efficiency and efficacy these alternatives might provide to businesses and consumers. Next, determine which solution is the most viable, considering the likelihood of support from business and government interests. Explain your rationale.
Research the Internet for information about latest activities by the Food and Drug Administration (FDA), Consumer Product Safety Commission (CPSC), and National Highway Traffic Safety Administration (NHTSA).