Government and the Economy

With no government regulation, an economy would be called ___

• Free

• Controlled

• Regulated

• Mixed

The people who make goods and services

• Consumers

• Distributors

• Producers

• Retailers

The government group in charge of creating military vehicles used in war

• Department of Defense

• Department of Transportation

• Department of Commerce

• Department of Energy

An economy where the government owns and offers all goods and services

• Market

• Mixed

• Command

• Traditional

The anti-trust act enacted in 1914, giving the government the power to prevent company merges that would reduce competition

• Clayton

• Sherman

• Federal Trade Commission

• Robinson-Patman

The government agency that is in charge of keeping food safe and educating consumers

• Food and Drug Administration (FDA)

• United States Department of Agriculture (USDA)

• Environmental Protection Agency (EPA)

• Centers for Disease Control and Prevention (CDC)

The government agency that helps people who lose their jobs or cannot work

• Department of Economic Security

• Department of Labor

• Social Security Administration

• Employment Development Department

What does FTC stand for?

• Federal Trade Commission

• Federal Technology Council

• Financial Transaction Code

• Federal Tax Commission

North Korea has a _ economy

• Market

• Mixed

• Command

• Traditional

The government agency created to stop companies from competing unfairly

• Federal Trade Commission (FTC)

• Securities and Exchange Commission (SEC)

• Environmental Protection Agency (EPA)

• Federal Communications Commission (FCC)