What are some ways that government is involved in business activities.

Why do private organizations choose efficient ways to produce their products/services?

The government decides price and output amounts. True or False?

What types of organizations have little government regulation?

What types of organizations have lots of government regulation?

What is one example of how government regulates utilities?

A _____ exists when a business has control of the market for a product or service.

When competition is present, consumers get the best values at the fairest prices. True or False?

What often happens when competition is present in the marketplace?

____ prevent other unfair business practices such as false advertising, deceptive pricing, and misleading labeling.

What are some other things that antitrust laws help to prevent? (You may select more than one option.)

Why does government regulate utilities?

The federal government, through the _____, helps new businesses get started by guaranteeing private bank loans.

Around ___ of all goods and services bought in the United States are purchased by state, local and federal governments.

____ is the single largest employer in the U.S. economy.

How does government assist business? (You may select more than one option.)

Government income is called ____.

Governments can obtain revenue through ____.

___ taxes are levied on the income of individuals.

The ____ tax is the largest source of revenue for the federal government.

The ____ regulates utilities in Louisiana.

The ___ tax is based on the value of land and buildings.

The cost of buying things is increased by a(n) ___ tax.

Government borrows money by collecting taxes. True or False?

What is the least risky form of debt?