Analyze the role of government in business and the economy.

Analysis may include

• protecting consumers
• protecting investors
• protecting the environment
• providing infrastructure for community and business growth
• supporting businesses’ development and viability
• regulating industry practices that affect the environment, consumers, and other businesses
• shaping the political climate for business development
• providing services to support citizens and businesses
• acting as a competitor
• monitoring the economy (e.g., interest rates, tax rates, bailouts).

Process/Skill Questions:

• What are some examples of unfair business practices that warranted government intervention? What effect did the intervention have?
• What are some government regulatory agencies that protect consumers? How do they fulfill their mission?
• What are the primary responsibilities of the Federal Trade Commission (FTC)?
• What is the role of the Securities Exchange Commission (SEC)?
• What federal entities are responsible for protecting employees?
• What are the advantages and disadvantages of government involvement in business?
• What are some laws that have shaped the way we do business?