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Ch 10: Government Issues in Microeconomics

About This Chapter

Watch video lessons and learn about the different aspects of how the U.S. government protects and promotes trade. The quizzes that follow each lesson can help you gauge your comprehension of the materials.

Government Issues in Microeconomics - Chapter Summary and Learning Objectives

To manage our national and international markets, the government creates regulations to monitor trade and protect consumers. All of these regulations significantly impact taxes, the growth of various industries, and our ability to trade with competitors. As industries change and as lobbyists promote deregulation, the changes to anti-trust legislation could massively alter the marketplace and the way the U.S. trades with other countries. Upon completing this chapter, you should have a fuller understanding of the following:

  • Microeconomics
  • Trade barriers
  • Anti-trust laws
  • The U.S. tax code
  • Regulation measures
  • Deregulation considerations

Video Objective
Trade Barriers: Impacts on Prices & Demand Describe the concept of trade barriers and show their influence over demand and prices.
Types of Taxes & the U.S. Tax Code: Impact on Microeconomics Examine and define the various types of taxes, review how taxes affect microeconomics, and thoroughly explore the U.S. tax code.
Anti-Trust Legislation in the U.S.: History & Impact on the Economy Go over the major cases and history of anti-trust legislation, and then talk about the current state of anti-trust law.
Governmental Regulation & Deregulation of the Economy Analyze U.S. trends in connection to regulation and deregulation, determine how regulation and deregulation impacts the economy, and then identify the effects that result directly from increases or decreases in government regulation.

12 Lessons in Chapter 10: Government Issues in Microeconomics
Test your knowledge with a 30-question chapter practice test
Types of Regulation, Privatization, & Deregulation

1. Types of Regulation, Privatization, & Deregulation

Government can monitor, control and manage business through different types of regulation. In this lesson, you will learn about the two specific categories of regulation and how privatization and deregulation impacts business.

The Cost and Benefits of Regulation in Business

2. The Cost and Benefits of Regulation in Business

Regulation is often seen as a negative by most American businesses. In this lesson, you will learn both the costs and benefits of regulation in the corporate world.

The Business Effects of Regulatory Restrictions & Compliance

3. The Business Effects of Regulatory Restrictions & Compliance

Did you know that regulatory restrictions and compliance have direct effects on business? The effects can be positive or negative, and as is the case with anything related to government, it's often politicized.

Regulatory Agencies: Definition, Role & Impact on Business

4. Regulatory Agencies: Definition, Role & Impact on Business

Few business activities are not subject to the watchful eye of regulators. In this lesson, you'll learn about regulatory agencies, including their role and impact on business. A short quiz follows the lesson.

Major U.S. Federal Regulatory Agencies in Business: Types, Functions & Authority

5. Major U.S. Federal Regulatory Agencies in Business: Types, Functions & Authority

In order to ensure that U.S. corporations are maintaining ethical business practices, the federal government has established regulatory agencies to protect employees, customers and the general public. This lesson explores major regulatory agencies and their functions.

Government's Non-Regulatory Influence on Business

6. Government's Non-Regulatory Influence on Business

The government's non-regulatory influence on business can be just as effective as regulatory methods. In this lesson, you will learn numerous ways government can impact companies' productivity and profitability.

How Fiscal Policy and Monetary Policy Affect the Economy

7. How Fiscal Policy and Monetary Policy Affect the Economy

Governments often intervene in their economies in an attempt to maintain economic stability. In this lesson, you'll learn about fiscal and monetary policies, including what effect they can have on a national economy. A short quiz follows.

Trade Barriers: Impacts on Prices & Demand

8. Trade Barriers: Impacts on Prices & Demand

All countries desire trade as a way of increasing their wealth, but very often they want it on their own terms. This lesson looks at the trade barriers that many countries establish, as well as the effects of such limitations.

Types of Taxes & the US Tax Code: Impact on Microeconomics

9. Types of Taxes & the US Tax Code: Impact on Microeconomics

I know what you're thinking - it's bad enough I have to pay taxes, now why would I want to sit through a lesson on them. However, understanding more about taxes may help you convince the government that you don't need so many of them...

Anti-Trust Legislation in the US: History & Impact on the Economy

10. Anti-Trust Legislation in the US: History & Impact on the Economy

For more than 100 years, a constant worry has been trying to figure out how big businesses should be allowed to grow. This lesson takes a look at a specific type of business, trusts, and trust busting.

Governmental Regulation & Deregulation of the Economy

11. Governmental Regulation & Deregulation of the Economy

Government regulations affect all aspects of the economy. However, some sectors are subject to specific regulations due to their importance. This lesson explores the purposes and methods of economic regulation and deregulation.

Circular Flow of Economic Activity: The Flow of Goods, Services & Resources

12. Circular Flow of Economic Activity: The Flow of Goods, Services & Resources

Learn about the simple model used to describe where money goes and what it is exchanged for in a market economy. The circular flow model of economic activity shows you the basic relationships between households, firms and the government.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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