Cycle #5 Assignment 1

Front

What is the main role of government in a market economy?

Back

Providing for the national defense

Front

What is the purpose of antitrust laws?

Back

To break up monopolies and promote competition

Front

How does the government promote environmental protection?

Back

By setting limits on emissions and pollution

Front

What is a potential downside of government programs?

Back

They can be inefficient due to bureaucratic red tape

Front

What is an example of a cost outweighing a benefit in government action? A program that increases employment, A program that is inefficient and wastes resources, A program that reduces pollution, A program that enhances national security

Back

A program that is inefficient and wastes resources

Front

What was President Reagan's Executive Order 12,291 an example of?

Back

Costs outweighing benefits for producers

Front

Why can high administrative costs in a government program be problematic?

Back

They can outweigh the benefits of the program

Front

What can happen when the government tries to solve problems?

Back

It sometimes creates new problems.

Front

In which area did the government intervene in the free market to protect? National defense, Environment, Education, Healthcare

Back

Environment

Front

What is not an accepted role of government in a market economy? Options: Providing for the national defense, Promoting competition, Protecting the environment

Back

Controlling production and consumption