Web Activity 1

Do the U.S. Food and Drug Administration successfully regulate business? For an opposing position see the Cato Institute, a group that advocates policies based on limited government, at www.cato.org (search "FDA"). In your opinion, what is the strongest argument given? What is the weakest argument?

Web Activity 2

Log on to www.fda.gov and look at the tabs which indicate the product categories regulated by the FDA. Find two that you believe should not be regulated. What are the reasons given by the FDA for regulating these products? What impact does this regulation have on a firm's cost of production? What impact on consumer prices?

Web Activity 3

Log on to http://www.fcc.gov/dtv/ and find the Review of the Federal Communications Commission's rules and policies affecting the conversion to digital television. What are the benefits of this regulation for the nation? In your opinion, are the benefits worth the costs?