In each of the following areas, give one example in which the government is involved as a producer, a regulator, or a purchaser of final goods and services distributed directly to individuals or used within government:. a. Education
b. Utilities
c. Transportation
d. Credit Markets
e. Insurance markets
f. Food
g. Housing

a. Education

Producer = Provides public schools

Regulator = Government sets graduation requirements

Purchaser of goods = In awarding scholarships, the government is paying for school fees and buying education.

b. Utilities

Producer = Government provides water to residents

Regulator = Government regulates nuclear energy industry

Consumer = Government departments buy electricity for use.

c. Transportation

Producer = Government builds roads for transport

Regulator = The Federal Aviation Administration (FAA) regulates aviation transport.

Consumer = Private contractors transport military and are paid for it.

d. Credit Markets

Producer = Government provides low interest loans to farmers

Regulator = Fed mandates reserve requirements to Banks

Consumer = Fed buys bonds in open market operations.

e. Insurance markets

Producer = Government provides an unemployment scheme

Regulator = Laws governing the rejection of claims by insurer

Consumer = Government pays for Medicaid

f. Food

Producer = Department of Agriculture farms for experimentation purposes

Regulator = FDA requires that food in restaurants are cooked in certain sanitary conditions.

Consumer = Government pays for food stamps which allows people to get food.

g. Housing

Producer = Johnston Square Apartments built by State of Maryland for affordable housing.

Regulator = Housing codes by Counties

Consumer = Government subsidises rent for some people

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