Question

chapter 11 - roles of the government read chapter 11, \government and the economy\ in order to complete the chart below. government role what, specifically, does the government do in order to fulfill this role? why is this role important? agencies or organizations(1) (with descriptions) protecting property rights (11.2) the government enforces property - related laws via court and law enforcement. to provide security for the citizens to feel safe. local police keeps the area safe. maintaining competition (11.3) enforces antitrust laws. prevents monopolies, encourages innovation. the federal trade commission investigates anti - competitive behaviour. protecting consumers, savers, and investors (11.3) enforce regulations on products, finance, and investment. safeguards public interests, prevents fraud. consumer financial protection bureau protects consumers in financials. protecting workers (11.3) osha - ensures safe and healthy working conditions

Explanation:

For the role of protecting property rights, the government uses legal means like courts and law - enforcement to enforce property - related laws, providing a sense of security to citizens. Maintaining competition involves antitrust law enforcement to prevent monopolies and encourage innovation. Protecting consumers, savers, and investors requires regulation of products, finance, and investment to safeguard public interests and prevent fraud. Protecting workers is about ensuring safe and healthy working conditions, which is the role of OSHA.

Answer:

Government Role	What, specifically, does the government do in order to fulfill this role?	Why is this role important?	Agencies or Organizations (with descriptions)
Maintaining Competition (11.3)	Enforces antitrust laws.	Prevents monopolies, encourages innovation.	The Federal Trade Commission investigates anti - competitive behavior.
Protecting Consumers, Savers, and Investors (11.3)	Enforce regulations on products, finance, and investment.	Safeguards public interests, prevents fraud.	Consumer financial protection bureau protects consumers in financials.
Protecting Workers (11.3)	Sets and enforces safety and health standards in the workplace.	Ensures safe and healthy working conditions for employees.	OSHA - ensures safe and healthy working conditions