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Government & the Economy Review

Quiz by Angela Faber

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10 questions
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  • Q1
    In a mixed economy, the government does not interfere with business.
    False
    True
    30s
  • Q2
    In a command economy, the government owns the services.
    False
    True
    20s
  • Q3
    Without antitrust laws, there would be more small companies.
    True
    False
    20s
  • Q4
    Without antitrust laws, there would be less competition between businesses.
    False
    True
    20s
  • Q5
    A tax on goods from other countries is
    competition
    deficit
    a tariff
    deduction
    20s
  • Q6
    When one company controls an entire industry without any competition is known as
    tarrif
    mixed economy
    antitrust agreement
    a monopoly
    30s
  • Q7
    The United States has a mixed economy.
    True
    False
    30s
  • Q8
    An economy where the government owns and offers all the goods and services is known as
    an antitrust economy
    a mixed economy
    a free market
    a command economy
    30s
  • Q9
    The government agency created to stop companies from competing unfairly.
    Federal Free Market
    Federal Economic Commission
    National Public Trade
    Federal Trade Commission
    30s
  • Q10
    An economy where both government and private businesses are involved in goods and services.
    Monopoly Economy
    Mixed Economy
    Free Market Economy
    Command Economy
    30s

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