
12.8 Government Influence in the Economy
Presentation
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Social Studies
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12th Grade
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Practice Problem
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Easy
Amy Schneider
Used 4+ times
FREE Resource
11 Slides • 8 Questions
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Draw
Looking carefully at this list of responsibilities, which ones do you think the government should be providing or a private company should be providing?
Remember: This is totally your opinion!
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Multiple Choice
What is a market failure?
A situation where the free market does not allocate goods and services efficiently
A situation where the government controls all businesses
A situation where only private companies provide services
A situation where there is no competition in the market
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Multiple Select
Which of the following are examples of the government correcting market failures? (Choose the 2 correct answers)
selling federal land to an oil company
outlawing the use of a toxic material in toys
setting rules limiting how much a factory can pollute
making a loan to a struggling business
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Multiple Choice
Why does the government fight against monopolies?
To protect large businesses from failing
To increase corporate tax revenue
To prevent unreasonably high prices and support market competition
To reduce the number of companies in the market
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Fill in the Blanks
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Multiple Choice
Which of the following best describes the concept of 'laissez-faire' in economic policy?
The government should stay out of the economy.
The government should regulate all businesses.
The government should control prices.
The government should provide all goods and services.
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Multiple Choice
Which of the following is NOT a function of the government in the economy?
Establish and enforce private property rights
Deal with external costs and benefits
Promote economic security
Increase private monopolies
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Open Ended
Summarize one way the government can intervene in economic activity to address market failures, based on what you learned in this lesson.
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Coming Up:
Tomorrow: Flex Day
Friday: Live Classroom- Assessment of Civics Knowledge Review
Monday: Assessment of Civics Knowledge
***Next Week: I am off Tuesday 5/19; Wednesday 5/20 and Thursday 5/21 I am proctoring Keystones- no synchronous class on those days. I will post video recordings.
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