Answer the following questions and provide references. Limit the answer to 1. 5 pages. 1) The purpose of trade regulations is to protect against aggressive practices that impair freedom of choice. As

Answer the following questions and provide references. Limit the answer to 1. 5 pages.

1) The purpose of trade regulations is to protect against aggressive practices that impair freedom of choice. As part of trade regulations, import controls and restrictions are imposed to protect the health industry and conserve foreign exchange. Discuss the following regulatory constraints and their effects on the consumer and the business.  (10 marks) 

2) The Canadian Nuclear Safety Commission regulates the nuclear industry in Canada. As discussed in class, the CNSC is very important to maintain health, safety, and security and protect the environment. Explain some of the impacts on the industry caused by the nuclear safety and control act and associated regulations? (5 marks)