Government and the Economy

In which economy does the government own and offer all the goods and services to the people?

• Market Economy
• Mixed Economy
• Command Economy

Fill in the blank. A economy with no government regulation would be completely ________________.

• unfree
• free

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

• Antitrust
• Competition
• Consumer Report

Which anti-trust act was enacted in 1914?

• Tariff
• Sherman
• Clayton

What is a tax on goods from other countries?

• Sherman
• Tariff
• Clayton

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

• True
• False

In which economy are most goods and services offered by private companies?

• Command Economy
• Market Economy
• Mixed Economy

In which economy are both the government and private businesses involved in goods and services?

• Command Economy
• Market Economy 
• Mixed Economy

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

• True
• False

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

• Competition
• Consumer
• Monopoly