You have studied different government regulations. Now, it is your turn to choose a regulation and to learn more about it. 1) Select a government regulation. For example, you can find:

Regulations about the environment and human health at http://www. epa. gov/
Regulations about safety and health in the workplace at http://www. osha. gov/
Regulations about public health (such as providing safe medicines, food, and even makeup) at http://www. fda. gov/
You can also look for regulations on other government Web sites. After you have chosen your regulation, show it to your teacher for approval.

2) Explain your regulation. Include whom it affects (such as people in the workplace) and where this regulation applies (such as office buildings). Your explanation can be expressed as a 2 or 3 sentence response OR as a picture.

3) In one sentence, state the government incentive behind the regulation. Then in 1 or 2 sentences, explain how this regulation achieves the government's goal.

4) List three advantages of the regulation. Then list three disadvantages of the regulation.

5) Finally, you will discuss how the regulation affects the economy. In 3 or 4 sentences, describe how producers and consumers are affected by the regulation. If you do not believe that a group is affected, state it. For example, you may write, "Consumers are not affected by this regulation."

If the regulation affects the production of goods and services, include the regulation's effect on the price, quality, and quantity of the product.
If the regulation involves the production side, include the regulation's effect on production costs and price. Then discuss the consumer's response.