12.8 Government Influence in the Economy

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

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

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

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.

Establish and enforce private property rights

Deal with external costs and benefits

Promote economic security

Increase private monopolies