1. 3 Players in the U.S. Economy Consumers Producers Government

2. Role of Government Functions

3. Shell.. …… 205,742,000 barrels Chevron ….144,332,000 barrels Exxon/Mobil......130,082,000barrel sMarathon ………..117,740,000barrel sAmoco........ …….62,231,000 barrels And CITGO oil is imported from Venezuela by Dictator Hugo Chavez who hates America and openly avows our economic destruction! (We pay Chavez's regime nearly $10 Billion per year in oil revenues!)

4. Sunoco Conoco BP / Phillips Hess Flying J Murphy Oil USA

5. Providing Public Goods People can use public goods without reducing the benefit to other people. Examples: street lights, museums, parks, military (National Defense)

6. Redistribute Income Typically, the aged, sick, and the poor. Social Insurance Programs –Examples: social security, workmans’ comp, unemployment insurance, medicare. Public Assistance Programs –Welfare, WIC, Medicaid, Supplemental Security.

7. Regulating Economic Activities Protecting Consumers –FDA, USDA, DOT, Credit Laws, etc Promoting Competition –monopolies Regulating Externalities –Pollution, clear-cutting Supervising Labor and Management –Unions

8. Ensuring Economic Stability Unemployment Inflation - increase of prices