Question 1. What did the Sherman Antitrust Act do? A. It created the Federal Deposit Insurance Corporatio

01 Jun Question 1. What did the Sherman Antitrust Act do? A. It created the Federal Deposit Insurance Corporatio

Posted at 05:42h in Essay Writing Services by Past Papers

Question

1. What did the Sherman Antitrust Act do?
A. It created the Federal Deposit Insurance Corporation.
B. It made parks, schools, and police forces mandatory.
C. It created the Consumer Product Safety Commission.
D. It made monopolies against the law.

2. The main thing the government has done to try to help farmers is to provide money to them in the form
of
A. storage fees.
B. field equities.
C. price supports.
D. invention subsidies.

3. Some things—like roads, parks, and military forces—are too expensive for private businesses to buy and
maintain. When the government supplies them, they’re called
A. consumer benefits.
B. fringe benefits.
C. general welfare.
D. public goods.

4. Tariffs, import quotas, and embargoes are ways of
A. encouraging more international trade.
B. inspecting goods to be exported.
C. limiting the goods brought into a country.
D. lowering the prices on foreign goods.

5. If the nation of Zambia can produce cotton at a cost lower than any other country, it would have a/an
_______ advantage.
A. absolute
B. commanding
C. international
D. relative

6. What law provided for a 40-hour work week?
A. Fair Labor Standards Act
B. Pure Food and Drug Act
C. Sherman Antitrust Act
D. Consumer Credit Protection
7. Why would the government provide money to people who can’t pay for medical expenses?
A. To provide for the national defense
B. To be sure consumers are not cheated
C. To promote the general welfare
D. To create economic growth

8. At which part of the business cycle is business at its best?
A. Expansion
B. Peak
C. Trough

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