Government & The Economy

The United States 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 the services

• true

• false

Without antitrust laws, there would be less competition between businesses

• true

• false

Without antitrust laws, there would be more small companies

• true

• false

The first anti-trust law, the Clayton anti-trust act, 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 the foreign product less expensive in the U.S.

• true

• false