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WorksheetsRegulate and Protect
Total questions: 20
Worksheet time: 10mins
Which of the following was one of government’s original roles in business:
Regulating technology
Acting as a referee
Ensuring a business's profitability
Protecting the environment
One way in which government protects private property is to provide
Federal Reserve Banks.
local governmental programs.
patents or copyrights.
fire insurance policies.
Government is involved in settling business disagreements through the use of
force.
negotiation.
fines.
courts.
Why does government set and collect taxes?
To increase the use of technology
To help pay the expenses of government
To provide economic security
To help businesses grow and prosper
One of the reasons that has caused government’s role in business to expand is that
people's attitudes have changed.
products have become very technical.
costs o production have continued to increase.
competition in the marketplace has increased.
What is the purpose of government regulation of business activities that might cause air or
water pollution?
To protect competition
To provide public goods
To stabilize the economy
To conserve the environment
Determine whether the following statement is true or false: Government has become an active participant in the world of business.
True; government helps start monopolies.
True; government produces goods and services.
False; government works with businesses only.
False; government doesn't produce any products.
The goals of government are to protect the rights of individuals and businesses and to provide a stable environment, but the main goal of business is to
make a profit.
save the environment.
provide the best products.
provide a safe working environment.
Which of the following is a public good that is provided by government:
Private schools
Marketing research
New automobiles
Interstate highways
Government uses some of the tax money it collects from individuals and businesses to support public welfare programs. What is the benefit of these welfare programs to businesses in a private enterprise economy?
Recipients don't have to work.
Businesses must budget more money for taxes.
Funds received by recipients are spent in businesses.
Government has control of how the recipients spend their money.
Which of the following government actions is most likely to stimulate the economy:
Lowering tax rates
Rising the prime interest rate
Printing less money
Borrowing more money
What is the government doing when it buys wheat to keep the price high enough for farmers to make a profit?
Industrializing the economy
Encouraging the production of wheat
Using price supports
Encouraging energy conservation
Government tries to protect competition by
controlling the prices of products
restricting the production of certain products
regulating monopolies
preventing all monopolies
When government sets safety standards for the workplace, it is attempting to
control business.
minimize risk to employees.
prohibit excess standards.
modernize working environments.
Government provides protection to business owners’ property through the use of
zoning laws.
minimum-wage laws
safety standards.
consumer-protections laws.
Which of the following regulatory agencies would be concerned with price fixing and unfair competitive practices:
National Labor Relations Board
Consumer Product Safety Comission
Federal Communications Commission
Federal Trade Commission
Government can prevent unqualified persons from operating a business by
helping their competitors.
closing their bank accounts.
raising their taxes.
refusing to grant them a license.
A restaurant fails to meet government regulations, so it loses its __________ and is no longer allowed to do business.
license
price controls
tariffs
disposable income
Which of the following is a positive effect of government regulation:
Price controls
Legal protection
Unfair competition
Increased inflation
The two main sources of revenue used to pay the costs of government regulation are
business and labor.
taxpayers and non-taxpayers.
government and industry.
taxes and borrowing.
