Government Roles Flashcards
1
Q
Provincial government
A
Education Health Protection of property civil rights Natural resources Environment
2
Q
Federal government
A
Money and banking Trade regulation External relations Defense Criminal law Transportation
3
Q
Protecting consumers
A
Right to be informed Right to safety Right to choose Right to be heard Right to privacy
4
Q
Protecting competitors
A
1) Cartels- agreement to lesson competition
2) monopoly- no competition, free market
3) mergers- stop mergers to weaken competition
5
Q
Other roles of gov
A
Customer
Competitor
Taxation agent
Regulator
6
Q
Antitrust
A
Stops unfair practices by business
Ex) pricefixing, mergers, price discrimination, lower cost to gain market share
7
Q
Economic
A
Modify normal operation of free market, forces supply and demand
8
Q
Social regulations
A
Protecting consumers, environment and providing workers with safe and healthy working conditions
