the government and the economy page 81 what sound do porcupines make when they kiss? “ouch!”
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The Government and the The Government and the EconomyEconomy
Page 81Page 81
What sound do porcupines make when they kiss?
“OUCH!”
Standard 13a
Essential Understandings: The government promotes and regulates marketplace competition.
Essential Questions: How does the United States government promote and regulate marketplace competition?
Vocabulary: antitrust legislation, monopoly, FCC, EPA, FTC
Who must Who must ratify ratify
amendments amendments to the U.S. to the U.S.
Constitution?Constitution?
Which purpose Which purpose of the of the
government government according to the according to the
Preamble is Preamble is illustrated illustrated
here?here?
Which early Which early document document
stated stated grievances grievances against the against the
King of Great King of Great Britain?Britain?
Which Which fundamental fundamental
political principle political principle means that we means that we elect people to elect people to
write laws and run write laws and run the government for the government for
us?us?
What is the What is the number one number one way that our way that our government government
makes makes money?money?
In economics, what do we
call that that which is which is given up given up when a when a
choice is choice is mademade??
What is the What is the worldwide worldwide economic economic
market market called?called?
Who acts as Who acts as intermediaries intermediaries
between between borrowers and borrowers and
savers?savers?
What is a form What is a form of business of business
ownership with ownership with two or more two or more owners who owners who
share risks and share risks and profits?profits?
What is the What is the economic term economic term that refers to that refers to
earnings after all earnings after all expenses have expenses have
been paid?been paid?
http://www.youtube.com/watch?v=A5oyxIbc8bo
Ways the Government Promotes Marketplace Competition
• Enforcing antitrust legislation to discourage the development of monopolies
• Engaging in global trade
• Supporting business start-ups
Government Agencies that Regulate Business
FCC: Federal Communications Commission
The Federal Communications Commission regulates interstate and international communications by radio, television, wire, satellite and cable in all 50 states, the District of Columbia and U.S. territories.
http://www.youtube.com/watch?v=sNY82N8sxQA
EPA: Environmental Protection Agency
The United States Environmental Protection Agency (EPA) implements federal laws designed to promote public health by protecting our Nation's air, water, and soil from harmful pollution.
FTC: Federal Trade Commission
To prevent business practices that are anticompetitive or deceptive or unfair to consumers; to enhance informed consumer choice and public understanding of the competitive process; and to accomplish this without unduly burdening legitimate business activity.
While watching the following video, color each of the agencies we learned
about today – the EPA, FTC, and FCC. Put this on
the left side of notebook.
Government Regulation Video
26 Minutes
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