Front

A situation where one business controls all or almost all of the sales of a product

Back

Monopoly

Front

A tax based on individual or family income.

Back

Income Tax

Front

Goods and services provided by the government paid for with tax dollars, like 911, public schools, parks, roads, etc.

Back

Public Goods and Services

Front

Income tax and sales tax are key sources of revenue for _________ governments.

Back

local

Front

The United States government enforces anti-trust laws to -

Back

discourage monopolies.

Front

The radio disc jockey on Z104 aired a portion of his/her broadcast that was inappropriate and against the law. Which governmental regulatory agency will most likely levy a fine and/or penalty against the radio station?

Back

Federal Communications Commission

Front

If the state of Virginia decided to buy and sell goods with a foreign company, which governmental regulatory agency would be required to approve the venture?

Back

Federal Trade Commission

Front

All are ways the government promotes marketplace competition except - encouraging businesses to start. passing and enforcing laws in order to prevent monopolies. participation in global trade. limiting small business start-up loans.

Back

limiting small business start-up loans.

Front

Taxes and borrowed funds are two ways that the government provides -

Back

public goods and services.

Front

National Defense, Public Safety Officers, and the Postal Service are all examples of -

Back

goods and services provided by the government.