Government's Role in the Economy

What type of economy does the US primarily have?

• Free enterprise system

• Mixed economy

• Socialist economy

• Command economy

Which of the following is NOT a type of subsidy offered by the government to businesses?

• Unlimited credit

• Direct payments

• Services like providing data

• Tax incentives

What is the purpose of the Sherman Antitrust Act and the Clayton Antitrust Act?

• To enforce workplace regulations

• To provide subsidies to businesses

• To regulate the monetary system

• To prevent unfair practices like monopolies

Which agency is responsible for ensuring product safety standards are met?

• FDA

• FBI

• CIA

• NSA

What does the Federal Reserve System regulate?

• Healthcare regulations

• Education standards

• International trade

• Money and credit policies