Economics

To provide money for government programs

Government censorship

Higher costs for production, leading to higher consumer prices.

The president gives a proposed budget to Congress.

Congress decides on the details of the budget.

The president signs spending bills into law.

.

The Office of Management and Budget (OMB) and the president prepare a proposed budget.

Congress decides on the overall level of spending and taxation and passes specific spending bills.

The president signs various spending bills into law.

CONGRESS

to transmit product messages to an audience

public corporation

Capital gains tax

health care-merit good

infrastructure-public good

automobiles-individual good

merit good-education

public good-school buildings

individual good-textbooks

price fixing

A restriction on when a union may call a strike

A. Social security _ government agency

B. U.S. Postal Service _ government corporation

C. Boeing _ government contractor

Merit good : education

Public good : national security

Individual good : food

Issue bonds

1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true.

2. Price fixing: a group of companies agree that all of them will charge the same price.

3.Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.

Organization of Petroleum Exporting Countries competition regulator

Lockheed Martin Corporation government contractor

Antitrust Division of the Department of Justice cartel

• trade restrictions is to higher prices for consumers.

-labor laws is to regulation of union activities

• banking regulations is to stability for the economy