Brief American History & Context of Government & Business You pr

Which settlement is recognized as the first official English settlement in North America?

• Salem
• Roanoke
• Jamestown
• Plymouth

What significant market structure did the U.S. Constitution establish for the nation?

• An open market
• A competitive market
• A unified market
• A regulated market

How does the federal government regulate business activities with foreign nations?

• By enforcing copyrights
• By creating monopolies
• Through tariffs
• By issuing patents

How can government regulations influence business practices?

• By increasing tariffs
• By providing consumer protections
• By eliminating competition
• By promoting monopolies

What mechanism does the government use to protect business property?

• Tax incentives
• Import quotas
• Subsidies
• Patents, copyrights, and trademarks

Which agency is responsible for providing protections against monopolies?

• The Federal Reserve
• The Securities and Exchange Commission
• The Federal Trade Commission
• The Department of Commerce

What does the Equal Employment Opportunity Act prohibit?

• Monopolistic practices
• Discrimination in employment
• Tariff imposition
• Patent infringement

What is fiscal policy primarily used for by the federal government?

• To issue patents
• To regulate foreign trade
• To influence the economy
• To control interest rates

What was the primary purpose of creating the Federal Reserve in 1913?

• To promote monopolies
• To stabilize the monetary and financial system
• To regulate tariffs
• To enforce labor laws

Which of the following describes a function of the Federal Reserve?

• Issuing patents
• Controlling interest rates and the money supply
• Setting tax rates
• Controlling tariffs