Government and The Economy

t/f: the United States has a mixed economy.

• true

• false

t/f: In a mixed economy, the government does not interfere with business.

• true

• false

t/f: In a command economy, the government owns all the services.

• true

• false

t/f: Without antitrust laws, there would be less competition between businesses.

• true

• false

t/f: Without antitrust laws, there would be more small companies.

• true

• false

t/f: The first antitrust law was passed in 1914.

• true

• false

t/f: The Federal Trade Commission doesn’t care whether companies merge together.

• true

• false

t/f: The more companies that merge together, the more competition there is.

• true

• false

t/f: A tariff is a tax on goods from other countries.

• true

• false

t/f: A tariff makes a foreign product less expensive in the United States.

• true

• false