Competition and Regulation Quiz

What is the purpose of antitrust legislation?

• To promote free enterprise

• To regulate global trade

• To discourage competition

• To promote monopolies

What is a monopoly?

• A company involved in global trade

• A company with total control of a service or good

• A company that receives low interest loans

• A company that promotes competition

How does the government support business start-ups?

• By enforcing antitrust laws

• By providing low interest loans and grants

• By regulating global trade

• By overseeing truth in advertising

What is the purpose of global trade?

• To promote monopolies

• To regulate business activities

• To discourage competition

• To increase consumer choices

Which federal agency regulates TV, radio, cable, satellite, telephone, and telegraph communications?

• SEC

• FCC

• FTC

• IRS

What is the role of the SEC?

• To regulate communications

• To enforce truth in advertising laws

• To protect investors and facilitate capital formation

• To oversee business advertising

What is the role of the FTC?

• To enforce truth in advertising laws

• To oversee business advertising

• To protect investors and facilitate capital formation

• To regulate communications

What does the FTC protect consumers from?

• Global trade

• Monopolies

• False or misleading advertisements

• Low interest loans

Which federal agency oversees how businesses advertise?

• FCC

• SEC

• IRS

• FTC

What is the purpose of the FCC?

• To enforce truth in advertising laws

• To oversee business advertising

• To protect investors and facilitate capital formation

• To regulate communications