SOL 13a comp questions

What is an important part of the United States economy?

• Agriculture

• Competition

• Tourism

• Manufacturing

Who promotes or regulates this rivalry?

• The United Nations

• The U.S. Government

• Local Businesses

• International Corporations

What is one way the U.S. government promotes marketplace competition?

• Subsidizing all companies

• Passing antitrust laws

• Increasing taxes

• Limiting imports

Why were antitrust laws passed?

• To increase prices

• To reduce competition

• To prevent monopolies

• To support large corporations

What is another way the U.S. government promotes competition?

• Encouraging monopolies

• Deregulating industries

• Enforcing trade barriers

• Supporting small businesses

What is a third way the U.S. government promotes competition?

• Limiting exports

• Providing tax incentives

• Increasing tariffs

• Nationalizing industries

What makes up the global economy?

• Only developed countries

• All countries and their economic activities

• Only the United States

• Only manufacturing sectors

What does the U.S. government regulate?

• Only international trade

• Various economic activities

• Only local businesses

• Only agricultural products

Who carries out this regulation?

• State governments

• Private companies

• Federal agencies

• International organizations

What is the FCC?

• Federal Communications Commission

• Federal Commerce Commission

• Federal Consumer Commission

• Federal Credit Commission