Functions of the Government

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1.
Why is it important that the government maintains competition? (hint: goes back to why competition is important—studied in unit one)
2.
What is a transfer payment?
3.
Explain how Medicare and Medicaid are different.
4.
What is a public good?
5.
How does the government pay for public goods
6.
Match the newspaper headline with the government’s function in the economy. "Federal Government Approves Crime Bill, Cities to Hire Additional Police"
7.
Match the newspaper headline with the government’s function in the economy. "Developer tries to drive retired couple off their property, State steps in."
8.
U.S. Investigation Seeks to Find if Aluminum Producers Conspired to Cut Output, Broke Anti-Trust Laws
9.
U.S. Government to increase Aid to Education Next Year
10.
NHTSA announce recall on popular sports car because of a brake malfunction
11.
Social Security Payments to increase by 4% New Year: Cost of Living has Increased
12.
House expected to increase the Minimum Wage.
13.
President proposes changes to Social Security and Medicare.
14.
The EPA (Environmental Protection Agency) recently fined a major corporation for release toxins into the air.