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review • How does our government regulate businesses to ensure our environment is being protected? • How does our government regulate business to ensure worker and consumer safety? • What are the pro’s and con’s of Affirmative action? • What role has the government taken in regard to labor disputes? • What happens when the government stops or decreases regulation?

Review How does our government regulate businesses to ensure our environment is being protected? How does our government regulate business to ensure worker

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Page 1: Review How does our government regulate businesses to ensure our environment is being protected? How does our government regulate business to ensure worker

review• How does our government regulate businesses to

ensure our environment is being protected?• How does our government regulate business to

ensure worker and consumer safety?• What are the pro’s and con’s of Affirmative action?• What role has the government taken in regard to

labor disputes?• What happens when the government stops or

decreases regulation?

Page 2: Review How does our government regulate businesses to ensure our environment is being protected? How does our government regulate business to ensure worker

Vocabulary

• Migration- People moving within a country. (Mr. Mason now lives in NC)

• Immigration- People moving into the U.S.• Downsizing- When a company cuts

production/employees in order to cut its costs.• Outsourcing- When a company pays another

company to perform tasks it previously did itself.

Page 3: Review How does our government regulate businesses to ensure our environment is being protected? How does our government regulate business to ensure worker

Warm Up?

• Can you think of any current events that may affect the economy? Think of the Island of Mocha.

• War on Terror, Middle East violence, natural disasters

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1. Trevor goes to renew his car tags but is told that he cannot b/c his car doesn’t meet emissions standards since the car puts out too much pollution. Trevor’s car fails to meet standards that were likely put in place because of what?

A. A recessionB. Environmental concernsC. ScarcityD. Zoning laws

Page 5: Review How does our government regulate businesses to ensure our environment is being protected? How does our government regulate business to ensure worker

Impact of Population Shifts

Page 6: Review How does our government regulate businesses to ensure our environment is being protected? How does our government regulate business to ensure worker

Population Shifts • Migration

– Movement of people within a country

• Immigration – People moving into the U.S. from

another country

• More people are leaving the populated areas of the North for the South and western states.– Leaving the “Rust Belt” and the

“Frost Belt” – Moving to the “Sun Belt”

• Initially, this can cause problems but will eventually lead to economic growth.

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Page 8: Review How does our government regulate businesses to ensure our environment is being protected? How does our government regulate business to ensure worker

Areas of Increasing Migration • Silicon Valley (Central

California) – Center of the computer industry.

• Research Triangle Park (Raleigh)– The largest research park in the

world.

• Service industries benefit in these areas because as population increases, so does the demand for goods and services.

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Impact of Current Events• What happens in the world around us (wars,

political unrest, etc.) affects us economically.• The War on Terror

– In addition to the tragic loss of life those events had an economic impact as well.

– Instability effects peoples willingness/confidence to spend• Fewer spending means less $ for

businesses, which affects production, which affects prices, and so on…

• Airline Industry– Department of Homeland Security

• Created to establish confidence and stability in airline industry and in nations defenses against terrorism

Page 10: Review How does our government regulate businesses to ensure our environment is being protected? How does our government regulate business to ensure worker

The War on Terror– Patriot Act

• Increased law enforcements ability to track and investigate terrorist plots

– Operation Iraqi Freedom• US led international force invaded

Iraq to bring down Saddam Hussein

• These events all have economic/political consequences– Instability in the Middle East causes a

rise in gas prices, which causes a rise in price for almost all other products

– Terror alerts may cause people not to fly

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Natural disasters• Hurricane Katrina 2005• Tsunami in Japan 2011• Tornadoes rip through

the south 2011

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Legal Decisions• Anti-Trust Laws

– What do these laws prevent?• Monopolies

– The government uses anti-trust laws to break up monopolies. What affect does this have on the market?• When consumers have

options the prices of goods decrease and the quality of goods and efficiency of production increase.

– Microsoft• One of the most recent

anti-trust cases

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Outsourcing and Downsizing

• Downsizing – Reduction of employees or

operations– This has a negative effect on

entire towns/cities or geographic regions as well• Detroit auto manufacturers

and NC textile and furniture industries

• Outsourcing– Businesses pay outside firms

to perform tasks that the company would have originally done itself

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GRAPHIC ORGANIZER

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• EQ: WHAT AFFECTS CAN CURRENT EVENTS & POPULATION SHIFTS HAVE ON THE ECONOMY?

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Reflection• Summarize the difference b/w migration and

immigration.• Why are people leaving the “rust belt” and the “frost

belt” to move to the “sun belt”?• How are service industries impacted by an increase

in population in certain areas?• How does war impact the economy?• How do natural disasters impact the environment?• How has outsourcing and downsizing impacted our

environment?

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Closing?

• Focus Question: Do the benefits of raising the minimum wage outweigh the drawbacks?