Government as a Regulator

Which of the following is NOT part of the four aspects that government regulates for the economy?

• Competition

• Production process

• Noncreative properties

• Business agreements

Which of the following best describes a monopoly?

• A market with high competition.

• A market with so many innovations.

• A market with only one producer.

• A market with two or more companies.

Which of the following refers to a protection of creations such as songs and books.

• patent

• copyright

• trademark

• breach of contract

A start-up business used the tagline of a well-known business. This is a clear violation of ________.

• copyright

• patent

• trademark

• contract

It is a legal document that binds two or more people to do or give something.

• breach of contract

• contract

• oligopoly

• process

Which of the following is described when the government inspects establishments for possible violations on environmental laws.

• protecting production process

• protecting competition

• protecting creative properties

• protecting business agreements

Abdulla and Khaled agreed that the Abdulla will be selling his house for BD 20,000 to Khaled on 2022. Abdulla, despite of the knowledge of the contract, sold his house to Jasim.

This situation is an example of _________.

• violation of trademark

• violation patent law

• violation copyright law

• violation of contract

It is a law that breaks or controls monopolies.

• trademark law

• patent law

• antitrust law

• contractual law