
The Role of Government Chap 7 Lesson 3
Quiz by Peter Duesterbeck
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10 questions
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- Q1Laws and regulations have been adopted in the United States to promote competition among firms.truefalse30s
- Q2In the United States, the federal government enforces antitrust laws and regulations to try to maintain effective levels of competition.truefalse30s
- Q3Price discrimination is the practice of setting prices to maximize sales.falsetrue30s
- Q4A mortgage is a document in which a lender reclaims a property due to a lack of payment by the borrower.truefalse30s
- Q5Because private business is involved in certain aspects of our economy, it is a modified version of free enterprise.truefalse30s
- Q6Which would an economist say best describes a “trust”?a public goodan illegal combinationa federal ordera feeling in a market30s
- Q7Which of the following is a benefit for monopolies?the Federal Trade Commission Actforeclosurecease and desist ordereconomies of scale30s
- Q8The government does not try to eliminate all monopolies. Why?Not all monopolies are bad.There aren't any monopolies anymore.It would be impossible.The government itself is a monopoly.30s
- Q9By promoting transparency, the government can improve ______________.economies of scaleprofit marginszoningmarket efficiency30s
- Q10What level of government is most closely associated with zoning?statefederalinterstatelocal30s