Crash Course: Government Regulations

What is one of the primary goals of government economic policy?

• Promoting stable markets

• Increasing entertainment options

• Reducing educational standards

• Expanding urban development

Which organization is responsible for regulating financial markets?

• National Institutes of Health

• Federal Reserve

• Securities and Exchange Commission

• Department of Transportation

What is a key method used by the government to control inflation?

• Increasing taxes

• Reducing public spending

• Expanding trade agreements

• Federal Reserve policies

What type of subsidy is considered controversial due to perceived unfair advantages?

• Healthcare benefits

• Direct subsidies

• Indirect subsidies

• Educational grants

Which act was passed to make unionization easier?

• National Labor Relations Act

• Fair Labor Standards Act

• Consumer Products Safety Act

• National Traffic and Motor Vehicle Safety Act

What historical period is known for the creation of the Interstate Commerce Commission?

• The Industrial Revolution

• The Modern Era

• The Gilded Age

• The Progressive Era

Which administration is associated with the advent of the administrative and regulatory state?

• Herbert Hoover

• Ronald Reagan

• Franklin D. Roosevelt

• Theodore Roosevelt

What role does the Federal Aviation Administration play in economic policy?

• Managing federal taxes

• Regulating air transportation

• Overseeing financial markets

• Regulating agricultural policies

Which act was specifically designed to regulate railroads?

• Federal Trade Commission Act

• Sherman Act

• Clayton Act

• Interstate Commerce Act

What was a major focus of the New Deal regulations?

• Technology and innovation

• International trade

• Agriculture and transportation

• Urban development