Business, Banks, Fed, Consumer Rights & Global Trade

What is ONE way that Federal government promotes competition?

• Giving advice and loans to start-up businesses

• They have businesses flip a coin

• They tell people to buy American products

True or False: Congress can pass anti-trust laws to break up or stop monopolies

• True

• False

What is an example of a government agency that can regulate and protect businesses and consumers?

• WWE (Worldwide Wrestling Association)

• EPA (Environmental Protection Agency)

• NRA (National Rifle Association)

Select ALL of the services that the Federal Government provides

• Parks

• Schools

• National Defense

• Takis

Select ALL of the ways that the government pays for public goods and services

• Park Fees

• Saving Bonds

• Bake Sales

• Income Tax

What happens to the economy when the Federal Government INCREASES taxes?

• The economy tends to slow down

• The economy tends to get a boost

What happens to economy when the Federal Government INCREASES spending?

• It slows down the economy temporary (Austerity)

• It gives a temporary boost to economy (Stimulus)

What happens when the government BORROWS MORE money to pay for public goods and services?

• There will be LESS money available for individuals & businesses to borrow

• There will be MORE money available for individuals & businesses to borrow

What is the name of the Central Bank in the United States?

• Bank of America

• The Federal Reserve

• The Big Bank

Select ALL of the duties of the Federal Reserve

• Regulate & Maintain the US currency

• Give advice on much money individuals should spend

• Regulate and protect banks

• Manage money supply to keep inflation low and stable