CE.13a - Review

The federal government would investigate this company’s practices in order to —

• preserve competition

• conserve resources

• protect workers' rights

• safeguard international trade

Which action represents a way the federal government can promote business competition?

• Punishing polluters

• Regulating investors

• Enforcing tariffs

• Prohibiting monopolies

This agreement is an example of how the United States takes part in a -

• regulatory organization

• military agreement

• global economy

• financial agreement

CE 13a

This tag found on a pillow, is a result of a federal law to protect the consumer. Which of the following would most likely enforce this law?

• Federal Communications Commission (FCC)

• Environmental Protection Agency (EPA)

• Internal Revenue Service (IRS)

• Federal Trade Commission (FTC)

CE 13a

Which of the following would most likely investigate this scenario?

• Federal Communication Commission (FCC)

• Environmental Protection Agency (EPA)

• Internal Revenue Service (IRS)

• Federal Trade Commission (FTC)

The Federal Communications Commission regulates which industry in the United States?

• airlines

• energy

• television and radio broadcast stations

• professional sports

All of the following are ways the government promotes competition except

• collecting taxes

• prohibiting (preventing) monopolies

• engaging in trade

• supporting new businesses

How does the government promote marketplace competition?

• enforcing antitrust legislation

• decreasing global trade

• encouraging monopolies

• discouraging business start-ups

Which is NOT a reason why monopolies are bad for the consumer?

• they eliminate marketplace competition

• they result in lower quality of goods and services

• they result in higher prices

• they result in higher quality of goods and services

How does the Federal Trade Commission help consumers?

• by stopping unfair, deceptive, & fraudulent business practice

• by advertising services & products with lowest prices

• by testing, rating, & ranking products monthly publications

• by setting price limits on goods purchased from foreign countries