Government & the Economy iCivics

The U.S. has a mixed economy.

• True

• False

In a mixed economy, the government does not interfere with business.

• True

• False

In a command economy, the government owns all the services.

• True

• False

Without antitrust laws, there would be less competition between businesses.

• True

• False

Without antitrust laws, there would be be more small companies.

• True

• False

The first antitrust law was passed in 1914.

• True

• False

The Federal Trade Commission doesn't care whether companies merge together.

• True

• False

The more companies merge together, the more competition there is.

• True

• False

A tariff is a tax on goods from other countries.

• True

• False

A tariff makes a foreign product less expensive in the U.S.

• True

• False