Government and Business

Which of the following was one of government’s original roles in business:

• Regulating technology

• Settling disputes and enforcing contracts

• Ensuring a business’s profitability

• Protecting the environment

One way in which government protects business property is to provide

• Federal Reserve Banks.

• Local governmental programs.

• Patents or copyrights.

• Fire insurance policies.

Why does government set and collect taxes?

• To increase the use of technology

• To help pay the expenses of government

• To provide economic security

• To help businesses grow and prosper

What is the purpose of government regulation of business activities that might cause air or water pollution?

• To protect competition

• To provide public goods

• To stabilize the economy

• To conserve the environment

Which of the following is a public good that is provided by government:

• Private schools

• Marketing research

• New automobiles

• Interstate highways

Government tries to protect competition by

• Controlling the prices of products.

• Restricting the production of certain products.

• Regulating monopolies.

• Setting the minimum wage

OSHA's purpose is to:

• Provide public goods

• Protect public welfare

• To stabilize the economy

• To regulate workplace conditions

Water treatment plants and garbage service are two examples of:

• To conserve the environment

• To protect competition

• To protect consumers and investors

• To protect business property

Special loan programs or tax breaks for farmers who produce peanuts is which of the following:

• To protect competition

• To protect specific businesses

• Setting fiscal policy

• To protect consumers and investors

Which of the following agencies' purpose is to protect business property?

• OSHA

• Consumer Product Safety Commission

• US Patent and Trademark Office

• US Department of Agriculture