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Government Involvement
More Government
100
Those goods everyone may use
What are public goods
100
Done by the government to encourage people to do something--example Recycling
What is a Positive Externality?
200
Free-Rider
What is someone called who benefits from public goods by not paying for or paying as much as someone else called?
200
Done By The Government to Discourage People from Doing Something--example No-Smoking Laws, Fining Companies That Pollute
What is a Negative Externality?
300
Social Security Checks, Unemployment Checks, Medicare, Medicaid
What are transfer payments (redistribution of income)
300
Pass Anti-Trust Laws--To Prevent the Formation of Monopolies or Keep Oligopolies From Colluding to Fix Prices or Restrain Competition
What is Done By the Government to Promote Competition?
400
Patents, Copyrights, Trademarks
What are issued by the government to protect people's property rights?
400
Its purpose is to provide for the health and safety of its citizens--Increases safety, but makes increases price
What is the Purpose of Government Regulation?  What is an Advantage and Disadvantage of Regulation?
500
They Take Violators to Court 
How do people protect their property rights?
500
Deregulation
What is It Called When the Government Removes Regulation?