United States Government-Economics

The student understands the roles played by local, state, and national governments in both the public and private sectors of the U.S. free enterprise system. The student is expected to:

Explain how government fiscal, monetary, and regulatory policies influence the economy at the local, state, and national levels.

Identify the sources of revenue and expenditures of the U. S. government and analyze their impact on the U.S. economy.

Compare the role of government in the U.S. free enterprise system and other economic systems.

Understand how government taxation and regulation can serve as restrictions to private enterprise.

The student understands the relationship between U.S. government policies and the economy. The student is expected to:

Examine how the U.S. government uses economic resources in foreign policy.

Understand the roles of the executive and legislative branches in setting international trade and fiscal policies.