Chapter 4.2 Government Protection Agencies

​Government Protection Agencies

Chapter 4.2​

Open Ended

What role does government play in all economic systems?

Roles of Government

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Library, schools, and social services ​

​​Providing services for members of society

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​​Protecting citizens, consumers, businesses, and workers

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Private utility companies must abide by regulations made at the state and local level to look out for the public’s best interests.

​​Regulating utilities and promoting

competition

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The government offers grants, contracts, and small business loans to help get started.

​​Providing information and support to businesses

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Police, fire, emergency personnel

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spending on infrastructure projects, paying employees, buying office equipment, and maintenance of buildings

​​Buying goods and services

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administrative workers, correctional workers, service workers, human resource workers, professional workers, engineers, medical services

​​Hiring public employees

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​Governments raise revenue through different types of taxes.

​​Raising revenue

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Multiple Choice

In general, the Constitution gives the federal government the power to regulate foreign and interstate commerce.

• True

• False

Multiple Choice

Which of the following is NOT a type of service provided by the government?

• library

• restaurant

• police/fire

• schools

Multiple Choice

Utility regulation ensures...

• investors always earn a 50% + profit.

• the public has fair & reasonable rates while the company earns a profit.

• the environment is protected for future generations.

Small Business Administration

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Reorder

Where do tax $ go? Reorder the following from the least % of tax dollars to the largest % of tax dollars spent.

• defense & international security

• social security services

• Medicare & Medicaid

1

2

3

• 1
• 2
• 3

Multiple Choice

Governmental activities support both businesses and consumers.

• True

• False

Open Ended

What is the difference between Interstate and intrastate commerce?

refers to business dealings involving companies that do business in only one state.

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​Intrastate

any business conducted that involves companies in more than one state.

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​Interstate

​Types of Commerce

Match

Match the following

• A trucking company that travels between IL and WI.

• State governments regulating business actions within their own borders.

• States set the speed limits for their own highways.

• The federal government regulating truck design because trucks can and do travel between states.

Interstate Commerce

Intrastate Commerce

Intrastate Commerce

Interstate Commerce

• Interstate Commerce

• Intrastate Commerce

• Intrastate Commerce

• Interstate Commerce