Government's role in business

The government discourages competition among businesses

• True

• False

The small business administration provides low-cost, advice and other assistance to small businesses

• True

• False

Common law is based on precedents established by judges' decisions.

• True

• False

The Sherman antitrust act of 1890 did WHICH of the following?

• Established the federal trade commission

• Increased sales taxes and 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 with certain industries?

• Regulation

• Deregulation

• Exertion

• In exertion

The Federal Reserve seeks an unemployment rate below ______

• 2.8

• 3.4

• 5.7

• 6.5

Which of the following ACCURATELY defines tariff?

• Law based on precedents established by judges decisions

• A tax paid on land, structures and other property owned

• A special tax placed on foreign goods sold in the United States

• Law set forth by administrative agencies and commissions

Which of the following CORRECTLY LISTS the THREE branches of GOVERNMENT?

• Executive, Legislative and Judicial

• Judicial, Administrative and Sheriff's

• Administrative, Legislative and Sheriff's

• Executive, Statutory and Administrative

Which of the following determines the SIZE and RATE of Growth of MONEY and SUPPLY?

• Open Markets

• Monetary Policy

• Grievance Procedure

• Unionization