CE.13a Review

The Federal Communications Commission regulates which industry in the United States?

• airlines

• energy

• television and radio broadcast stations

• professional sports

The United States government enforces anti-trust laws to -

• discourage monopolies.

• limit competition.

• increase taxes.

• provide additional public goods and services.

If the state of Virginia decided to buy and sell goods with a foreign company, which governmental regulatory agency would be required to approve the venture?

• Environmental Protection Agency

• Interstate Commerce Commission

• Securities and Exchange Commission

• Federal Trade Commission

Government agencies establish regulations to -

• irritate and annoy individuals and businesses.

• protect public health and safety.

• satisfy the demands of Congress.

• gain support for political parties.

All of the following are ways the government promotes competition except

• collecting taxes

• prohibiting (preventing) monopolies

• engaging in trade

• supporting new businesses

Which government agency regulates radio and tv?

• Environmental Protection Agency (EPA)

• Federal Trade Commission (FTC)

• Federal Communications Commission (FCC)

• Social Security Agency (SSA)

Participating in global trade does all the following except...

• supports monopolies

• provides more competition

• being able to buy goods at a lower cost

• being able to sell goods at a lower cost