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Chapter 11: Government and the Economy

Horizontales
term for when property rights do not apply to common resources so people have limited incentive to protect them
education and this help people move from welfare to self-sufficiency
the anti-trust division of this organization is responsible for preventing price fixing and bid rigging
critics of anti-poverty programs say that they promote this among recipients
government supports these by providing subsidies
when this was established, workplace accidents declined dramatically
when the IRS mails checks to people it’s called this
when agencies become dominated by the industries they regulate and act in the industries best interests
Verticales
Welfare and unemployment insurance and two ways government does this to income
the government protects consumers by regulating car safety, food purity and these
Upton Sinclair and Ralph Nadar wrote books that led to protections for this group
people have these, unless eminent domain takes them away
this government agency protects worker's economic rights and physical safety
these and privatization can help preserve common resources
when companies that can reduce pollution sell permits to those who can't its called this