Money
This is accepted as a method of payment for goods and services
What is money?
What is the FED (federal reserve)?
Consumers who feel their rights have been violated have the right to do this
What is take legal action?
This agency would investigate a company that is releasing chemicals into the local river.
What is the EPA?
This level of government gets most of its revenue from property and sales taxes
What is local government?
Money is a form of this resource that banks provide for new business owners (human, capital, natural, or entreprenuer)
What is capital?
These are two types of private financial institutions
What are banks and credit unions?
People having the right to private ownership, which is protected by negotiable contracts, is the US government protecting this in the economy
What is property rights?
This agency regulates exchanges in the stock market
What is the SEC?
This is one of the things that state government spends most of its revenue on
What is education, public health and welfare, road construction/repair, and public safety, including police and fire departments?
This is NOT a form of currency- (coin, credit card, check, or dollar bill)
What is a credit card?
This is an incentive for people to make deposits into banks and credit unions
What is interest paid on savings?
This is when a person/business has total control of the goods/service in a particular market
What is a monopoly?
This agency would investigate unfair business practices and enforce antitrust legislation to stop monopolies
What is the FTC?
These are two of the four ways the government gets money to pay for public goods and services
What are taxes, fees, fines, and borrowing money?
This is why people accept coins and currency in exhange for goods and services (why money works)
What is people trust the government?
These are two of the three jobs of the FED (federal reserve)
What are regulate banks, influence inflation (keep low), and act as a bank for the government and other banks
Enforcing antitrust laws, encouraging global trade, and supporting business start-ups are ways the government promotes this
What is competition?
These two agencies protect consumer rights
What are the FDA and CPSC?
These are two of the things that federal government spends most of its revenue on
What are national defense and homeland security, some medical expenditures such as Medicare, payments to Social Security recipients, and interest payments on the national debt?
These are two of the three things that using money makes easier
What are trade, saving/investing, and comparing values of goods & services?
These are two of the three roles of private financial institutions
What are receive deposits/make loans, encourage savings by paying interest on deposits, help provide financial capital (money) to start or grow businesses
When the CPSC researches and tests new products before they are released to the market the government is protecting this
What are consumer rights?
These two agencies protect worker/labor rights
What are OSHA and EEOC?
This is why government provides interstate highways, postal service, and national defense for the country
What is individuals and businesses can not easily provide or make a profit providing these services?