Government and the Economy

Front

In which economy does the government own and offer all the goods and services to the people? Options: Market Economy, Mixed Economy, Command Economy

Back

Command Economy

Front

A economy with no government regulation would be completely ________________.

Back

free

Front

Laws that prohibit monopolies and other activity that reduces competition are called what?

Back

Antitrust

Front

Which anti-trust act was enacted in 1914?

Back

Clayton

Front

What is a tax on goods from other countries?

Back

Tariff

Front

True or False: Without anti-trust laws, there would be less competition between businesses.

Back

True

Front

In which economy are most goods and services offered by private companies? Options: Command Economy, Market Economy, Mixed Economy

Back

Market Economy

Front

In which economy are both the government and private businesses involved in goods and services? Options: Command Economy, Market Economy, Mixed Economy

Back

Mixed Economy

Front

True or False: In a mixed economy, the government does not interfere with business.

Back

False

Front

What is it called when one company controls an entire industry without any competition?

Back

Monopoly