| A | B |
|---|
| Government's involvement | Protect, enforce contracts, settle disputes |
| Patents or copyright or trademarks | Ways the gov't protects private/business property |
| Courts | Where the gov't settles business disputes |
| Pay gov't expenses | why the gov't collects taxes |
| Why gov't expanded role | attitudes, competition, technology |
| Conserve the environment | Purpose of gov't regulation that monitors pollution |
| Gov't produces goods and services | How the gov't has become an active participant in business |
| Make a Profit | Main goal of business |
| Public School, highway, library | Examples of public goods |
| Money is spent there | Why welfare funds benefit business |
| To Protect public health | Purpose of gov't regulation that prohibits asbestos |
| Lower taxes, interest rates, increase spending, increase money in circulation | How the gov't stimulates the economy |
| Price supports | Buying enough of farmers crop to keep price up |
| Protect the environment | Why the gov't requires unleaded gasoline |
| Regulates monopolies that are allowed | How the gov't tries to help competition in regard to monopolies |
| Minimize risk for employees | Why the gov't sets safety standards in the workplace |
| Zoning laws | way the gov't protects business owners physical property (land) |
| 3 purposes of regulatory laws | control, prohibit, require |
| FTC | Agency that monitors price fixing,, unfair competitive practices |
| CPSC | Agency that prohibits sale of unsafe products |
| Refusal of Licenses | How businesses can be prevented form operating |
| Expense and inefficiency | Negative effects of gov't regulation |
| legal protection, rule to follow | positive effects of gov't regulation |
| Taxes and borrowing | the2 main sources of gov't revenue |
| licenses and wage/price controls | 2 "other " methods of gov't control |
| Government's ORIGINAL role | a referee |
| Regulatory agencies | the organizations set up to regulate business |
| FDA | Tests foods, drugs, and cosmetics |
| OSHA | Ensures healthful working conditions in the workplace |
| FCC | grants licenses to radio and tv |
| FMSCA | enforces laws to prevent commercial motor accidents |
| NLRB | Enforces Labor-management dealings and disputes |
