Government Economic Policies                                            Name ________________________

 

Directions:  Use your notes to answer the following questions.

 

  1. Which type of economy does the United States have?

 

 

  1. How is a mixed economy different from a command or free market economy?

 

     

 

 

  1. List 5 reasons that the US government might regulate parts of our economy.

 

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  1. How can the Fed keep the economy healthy?

 

           

 

 

  1. If the Fed makes decisions that will increase the amount of money in circulation, what are they trying to do to the economy?

 

 

  1. How will the economy be affected if interest rates rise (because of the discount rate rising)?

 

 

  1. What is a reserve requirement?

 

 

 

  1. Why would an investor purchase a bond or a government security?

 

 

 

  1. Why does the US government want to promote competition between businesses?

 

 

 

  1. What is a monopoly?

 

 

 

  1. What are antitrust laws?

 

 

 

  1. How does the government support new business startups?

 

 

  1. Why does our government want to promote global trade (trade between ourselves and foreign countries)?

 

 

 

  1. How can the government protect consumers?

 

 

 

 

  1. What can a consumer do if they feel that a business has treated them unfairly?

 

 

 

  1. What is the job of the Federal Trade Commission (FTC)?

 

 

 

  1. How does our government protect American businesses?

 

 

 

 

  1. If there was a tariff placed on foreign automobiles, who would benefit from this tax?

 

 

 

  1. How does the government protect workers?

 

 

 

 

  1. List the full names of the following federal agencies that oversee businesses:

 

      FDA:

 

      EPA:

 

      FCC: