EPF.E.3 Understand the role of government in a market economy.

What is the purpose of Monetary Policy?

• Keep rich people from getting too rich.

• Contribute to economic growth and stability.

• Give Congress and the political parties more control of the economy.

  
  

• Functions like Fiscal Policy

Inflation is measured by...

• Gross National Product (GNP).

• 
  Securities & Exchange Commission (SEC).

• Consumer Price Index (CPI).

• Gross Domestic Product (GDP).

• A U.S. patent gives the inventor or patent owner the right to exclude others from making, using, selling, offering to sell, or importing the invention

• • Sales Tax

• Trademark

• Absolute advantage

• • Patent Laws

Select which would be Difference Between Patents and Copyrights

• the power of the government to take private property and convert it into public use

• a dollar-for-dollar amount taxpayers claim on their tax return to reduce the income tax they owe

• • a patent protects inventions and designs, like engines or a phone casing, and a copyright protects original artistic and literary works, like songs or books

• federal consumer protection laws that prevent fraud, deception and unfair business practices

Progressive/

Regressive/

• Direct/

• Indirect/

• Excise/

• Sales/

• Inheritance /

• Payroll/

• Income/

• Property ...These are all Types of

standards are rules that describe the methods employers are legally required to follow to protect their workers from hazards.

• IRS

• OSHA

• EPA

• • Licensing

• The government MUST pay just compensation to take someone's property.

• Purpose of Regulatory Agencies

• Government Role in Eminent Domain Process

• Tax Incentive

• Government Involvement in Protecting Intellectual Property

• a direct or indirect payment to individuals or firms, usually in the form of a cash payment from the government or a targeted tax cut

• Subsidies

• Intellectual Property

• Regulation

• • Intellectual Property

• Copyright Laws, A copyrighted work must be an original work of authorship which is fixed in a tangible medium of expression

• true

• false

• *

• !

Which Regulatory Agency: Provides technical assistance to support recovery planning of public health and infrastructure, such as waste water treatment plants

• FTC

• IRS

• EPA

• FDA