Government Roles and Functions

The video discusses the role of government in a market economy, highlighting six key roles: ensuring food safety, monitoring workplace conditions, enforcing child labor laws, preventing unfair hiring practices, regulating price setting, and setting product safety standards. It explains the difference between private and public goods, funded by taxes, and outlines the government's purpose: protecting citizen rights, ensuring the common good, and providing safety and security. Examples include the Armed Forces, FDA, FBI, and National Parks.

What is one of the roles of government in a market economy?

• Providing free healthcare

• Ensuring a safe food supply

• Owning all businesses

• Setting prices for all goods

How does the government ensure safe working conditions?

• By monitoring workplaces

• By hiring more workers

• By providing free safety gear

• By reducing work hours

What distinguishes private goods from public goods?

• Public goods are not funded by taxes

• Private goods are produced by private companies

• Public goods are sold by private companies

• Private goods are free for everyone

What is an example of a public good?

• A private school

• A national park

• A private hospital

• A grocery store

What is the primary source of tax dollars?

• Property tax

• Sales tax

• Income tax

• Luxury tax

Which tax is not a major source of government revenue?

• Payroll tax

• Corporate tax

• Estate tax

• Income tax

Which of the following is NOT a purpose of government?

• Providing safety and security

• Protecting citizens' rights

• Ensuring the common good

• Controlling all businesses

What is an example of a government agency that provides safety and security?

• The National Parks

• The Armed Forces

• The Library of Congress

• The Department of Education

Which agency is involved in protecting citizens' rights?

• The FDA

• The IRS

• The National Parks

• The FBI

What is the role of the FDA in the context of government purposes?

• To manage national parks

• To ensure food safety

• To provide education

• To collect taxes