Government Role in Economy and Protections

Examples of public goods and services include all but...

• interstate highways

• national defense

• postal service

• Dunkin Donuts

The government pays for public goods and services with all but -

• tax revenue

• fees

• fines

• borrowed funds

• real estate sales

The Federal Reserve System does all but the following -

• run private financial institutions

• regulate private financial institutions

• ensure the stability of the banking system

• protects the safety of deposits

A property right is -

• a tax you pay

• a part of the Bill of Rights

• a legal claim of ownership

Individuals have the right of private ownership, which is protected by negotiated ___ and is enforceable by law.

• guarantees

• warrantees

• contracts

• taxes

The _____ interprets laws to settle disputes over contracts and private property.

• court system

• FBI

• President

• Senate

This government agency regulates and enforces laws that protect consumers from unsafe products -

• Consumer Product Safety Commission (CPSC)

• Food and Drug Administration (FDA)

• Occupational Safety and Health Administration (OSHA)

• Equal Employment Opportunity Commission (EEOC)

This government agency regulates and enforces laws in order to protect the environment (ex. pollution, contamination) -

• Federal Communications Commission (FCC)

• Federal Trade Commission (FTC)

• Environmental Protection Agency (EPA)

This government agency regulates and enforces laws that protect employees from workplace discrimination (i.e. unequal treatment by an employee) -

• Equal Employment Opportunity Commission. (EEOC)

• Occupational Safety and Health Administration (OSHA)

• Food and Drug Administration (FDA)

• Federal Trade Commission (FTC)

This government agency regulates and enforces laws that protect the health of consumers (ex. medications, cosmetics) -

• Federal Trade Commission (FTC)

• Food and Drug Administration (FDA)

• Occupational Safety and Health Administration (OSHA)