Section 4.01 Review

Which agency is concerned with price fixing and unfair competitive prices?

• Consumer product safety commission

• Federal communications commission

• Federal Trade commission

Welfare benefits and unemployment benefits are ways that the government is attempting to intervene to:

• manage yearly spending

• protect private property

• improve public welfare

Which of the following is a public good that is provided by the government?

• interstate highways

• marketing research

• new automobiles

• private schools

One way the government protects private property is to provide what?

• local government programs

• Federal Reserve banks

• patents or copyrights

Two main sources of revenue used to pay costs of government regulations are:

• government and industry

• business and labor

• taxes and borrowing

One of the reasons that has caused government's role in business to expand is that:

• products have become very technical

• people's attitudes have changed

The way the government prevents unqualified people from operating a business is:

• closing their bank accounts

• helping their competitors

• refusing to grant them a business license

When the government buys wheat to keep the price high enough so farmers can make a profit it is known as:

• industrializing the economy

• encouraging wheat production

• using price supports

When the size of U.S. businesses grow, the federal government's involvement in the economy has:

• decreased

• increased