OGT - Economics B - Government Activities - Assignment

Nations protect their economic interest through tariffs, quotas and blockades. This form of protectionism has an impact on international trade. For example a tariff that protects industry in Japan may have a negative economic impact on the United States.
The US government has a key role in the economy, and the decisions and policies of the government have an impact on people and businesses. US government economic polcies include taxing, anti-trust legislation, and envirommental regulation.
The Federal Reserve system of the government establishes monetary policy, determines the rate of money circulation, and determines the rate of growth. All of these impact the amount of money that is available in the form of credit.
During World War II the Great Depression caused the government to take a greater role in regulating the economy.

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