What is the main purpose of antitrust laws?
CE.13a - Understanding Competition in the U.S. Economy

Quiz
•
Social Studies
•
8th Grade
•
Easy
Jordan Gray
Used 8+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Discourage the development of monopolies
Reduce the number of companies in the market
Encourage the development of monopolies
Increase taxes on large corporations
Answer explanation
The main purpose of antitrust laws is to discourage the development of monopolies.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a monopoly in the market mean?
When multiple companies control a service or good
When the government controls a particular service or good
When one company has total control over a particular service or good
When consumers have control over the market
Answer explanation
A monopoly in the marketplace means when one company has total control of a particular service or good, dominating the market without competition.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the government support emerging businesses?
Increasing taxes
Making loans and grants with low interest available
Imposing strict regulations
Limiting international trade
Answer explanation
The government supports business start-ups by making low interest loans and grants available, which helps entrepreneurs access funding to kickstart their ventures.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of the FCC?
Monitor environmental standards
Oversee educational content
Regulate interstate and international communications
Regulate financial markets
Answer explanation
The role of the FCC is to regulate interstate and international communications, making it the correct choice among the options provided.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main function of the SEC?
Oversee the health industry
Regulate TV and radio communications
Protect consumers from false advertising
Protect investors and maintain efficient markets
Answer explanation
The main job of the SEC is to protect investors and maintain efficient markets, ensuring transparency and fairness in the financial system.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do antitrust laws affect free enterprise?
They limit the freedom of companies to compete
They promote free enterprise by allowing companies to compete
They have no effect on free enterprise
They discourage companies from entering the market
Answer explanation
Antitrust laws promote free enterprise by allowing businesses to compete, ensuring a level playing field and preventing monopolies.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What effect does global trade have on the U.S. economy?
Increases consumption choices
Decreases consumption choices
Increases taxes on imported goods
Limits the number of companies in the market
Answer explanation
Global trade increases consumer choices by providing access to a wider variety of products from around the world, stimulating competition and innovation in the U.S. economy.
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