Government’s Role in Business - Introduction

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 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 the economy with the Federal Reserve Bank

• It negotiates international treaties and trade agreements

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 regulated by the government?

• Local employment agencies

• Public schools

• Private schools

• Funding for retraining of workers

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

• Consumer Price Fixing Commission

• Consumer Product Safety Commission

• Fair Packaging and Labeling Act

• Fair Credit Reporting Act