Government and the Economy Quiz

Government and the Economy Quiz

12th Grade

12 Qs

quiz-placeholder

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Government and the Economy Quiz

Government and the Economy Quiz

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Claudia Vazquez

Used 17+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The United States has a mixed economy.

True

False

Answer explanation

The U.S. government makes many kinds of rules that

affect how companies do business.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

True

False

Answer explanation

In a mixed economy, the government owns some

property, offers some services, and makes rules to protect

competition and consumers.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

True

False

Answer explanation

In a command economy, the government controls how

business operates.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

True

False

Answer explanation

Antitrust laws prevent large companies from forming

monopolies. That increases competition.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Without antitrust laws, there would be more small companies.

True

False

Answer explanation

Antitrust laws prevent large companies from gobbling up

small ones. Without antitrust laws, there could be few or

no small companies in some industries.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The first antitrust law was passed in 1914.

True

False

Answer explanation

The Sherman Anti-Trust Act was passed in 1890! The Clayton Antitrust Act was passed in 1914.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

True

False

Answer explanation

The FTC closely monitors mergers. It will block a merger it thinks would harm competition.

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