Competition and Regulation Quiz
Authored by Willard Felton
Social Studies
8th Grade
Used 6+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 8 pts
What is the purpose of antitrust legislation?
To promote free enterprise
To regulate global trade
To discourage competition
To promote monopolies
2.
MULTIPLE CHOICE QUESTION
30 sec • 8 pts
What is a monopoly?
A company involved in global trade
A company with total control of a service or good
A company that receives low interest loans
A company that promotes competition
3.
MULTIPLE CHOICE QUESTION
30 sec • 7 pts
How does the government support business start-ups?
By enforcing antitrust laws
By providing low interest loans and grants
By regulating global trade
By overseeing truth in advertising
4.
MULTIPLE CHOICE QUESTION
30 sec • 7 pts
What is the purpose of global trade?
To promote monopolies
To regulate business activities
To discourage competition
To increase consumer choices
5.
MULTIPLE CHOICE QUESTION
30 sec • 7 pts
Which federal agency regulates TV, radio, cable, satellite, telephone, and telegraph communications?
SEC
FCC
FTC
IRS
6.
MULTIPLE CHOICE QUESTION
30 sec • 7 pts
What is the role of the SEC?
To regulate communications
To enforce truth in advertising laws
To protect investors and facilitate capital formation
To oversee business advertising
7.
MULTIPLE CHOICE QUESTION
30 sec • 7 pts
What is the role of the FTC?
To enforce truth in advertising laws
To oversee business advertising
To protect investors and facilitate capital formation
To regulate communications
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