Role of Government in Business & Economy

Front

What is one of the roles of government in business and economy?

Back

Regulator

Front

The government acts as a _______ in the business and economy.

Back

Provider

Front

What is the duration of copyright protection after the owner's death?

Back

70 years

Front

A patent is a legal grant for the sole right to own an invention. It is granted by the ________.

Back

Federal government

Front

Which of the following is protected from being copied by a trademark? A new invention, A written book, A name or symbol, A musical composition.

Back

A name or symbol

Front

Which level of government runs the entire country?

Back

Federal

Front

Interstate Commerce is business that takes place ______ states.

Back

between

Front

What is a Monopoly?

Back

A situation where a company controls an industry or is the only one to offer a product or service.

Front

In an Oligopoly, a small number of companies ______ an industry.

Back

control

Front

What is a trust?

Back

A group of companies that band together to form a monopoly and cut out competition.