Government's Role in Business

Which of the following is NOT an agency which protects consumers?

• Consumer Price Fixing Commission

• Consumer Product Safety Commission

• Fair Packaging & Labeling Act

• Fair Credit Reporting Act

Which of the following is NOT regulated by the government?

• local employment agencies

• public schools

• private schools

• funding for retraining of workers

Which of the following is NOT information published by the government which businesses can use?

• Forbes 40 under 40

• rate of inflation

• unemployment statistics

• consumer spending

Which of the following is true of the Federal Trade Commission?

• demotes fair competition

• prevents monopolies

• breaks up companies with control of a market

• prevents false/deceptive advertising

Which of the following is NOT true of the government?

• it increases/decreases tax rates

• it controls the retirement of all U.S. citizens

• it regulates the amount of money in teh economy with the Federal Reserve Bank

• it negotiates international treaties & trade agreements

The Sherman Antitrust Act of 1890 did which of the following?

• established the Federal Trade Commission

• increased sales taxes & allowed the federal government to collect income tax

• established the Federal Reserve Bank

• allowed the government to break up companies with control of a market

What year was the Federal Trade Commission established?

• 1890

• 1901

• 1915

• 1924

What is the term for the removal or relaxation of the rules affecting businesses within certain industries?

• regulation

• deregulation

• exertion

• inexertion

The Federal Reserve seeks an unemployment rate below _____ percent.

• 2.8

• 3.4

• 5.7

• 6.5

Monetary policy allows central banks to achieve price _______ & help maintain economic __________.

• stability/stability

• fluctuation/stability

• stability/fluctuation

• fluctuation/fluctuation