Home / Questions / Government legislation and regulations designed to prevent collusion among businesses that
Government legislation and regulations designed to prevent collusion among businesses that would suppress competition in order to produce unnaturally high prices are known as _____.
a.consent decrees
b.agreed judgments
c.consumer protection laws
d.antitrust policies
e.social regulations
12.Social regulation:
a.asserts government’s role in meeting public needs.
b.encourages the formation of a monopoly.
c.encourages imports but discourages exports.
d.promotes multiple sources of goods and services to meet consumer needs.
e.seeks to prevent corporate practices that have undesirable results for society.
13.The Consumer Financial Protection Bureau is created within the _____ to protect consumers from financial products that have produced widespread losses from 2000 to today.
a.Department of Commerce (DOC)
b.Interior Department
c.International Trade Commission
d.Treasury Department
e.
14._____ arose in the early twentieth century as policy makers recognized that citizens need to be protected from tainted food products or untrustworthy drugs.
a.Consumer protection regulations
b.Antitrust policies
c.Economic regulations
d.Inflation controlling regulations
e.Consumer accountability policies
15._____ is a tax levied by the government on goods imported into a nation, applied in order to raise revenue or in order to protect the domestic manufacturers of the same item.
a.Remittance
b.Tariff
c.Excise
d.Earmark
e.Indemnity
16.Efforts during the 1970s, 1980s, and 1990s to remove many forms of economic regulation created earlier in the nation’s history to control the business practices of airlines, communications technology, and banking is known as _____.
a.nationalization
b.expropriation
c.deregulation
d.globalization
e.collectivization
17.In the United States, the fiscal year for the federal government ends on _____.
a.September 30
b.October 30
c.November 30
d.December 30
e.January 30
18.Office of Management and Budget:
a.establishes broad guidelines on government revenue and spending for the next fiscal year and gives specific amounts for the programs that fall within different committees’ jurisdictions.
b.refers to staff unit within the Executive Office of the President that assists the president in compiling the recommended budget submitted to Congress each year.
c.comprises specialized staff created in 1973 to assist Congress in making budget decisions.
d.adopts a temporary action that allows those programs lacking a new annual appropriation to remain in operation.
e.takes care of spending decisions made by Congress and the President outside the regular budget process.
19._____ consists of one-third of the annual budget for which funding must be reapproved by Congress each year, subjecting these programs to annual changes.
a.Rural budget
b.Supplemental appropriation
c.Discretionary spending
d.Consumer protection appropriation
e.Mandatory spending
20.Funds for entitlement programs such as Social Security, Medicare, and Medicaid, as well as smaller programs such as unemployment compensation, Food Stamps, and child nutrition are examples of _____.
a.consumer protection appropriation
b.citizens’ welfare appropriation
c.discretionary spending
d.supplemental appropriation
e.mandatory spending
Dec 12 2019 View more View Less
A case study in the chapter analyzed purchasing-power parity for several countries using the price of Big Macs. Here are data for a few more countries:a. For each country...
Jul 19 2021An ionic compound of potassium and oxygen has the empirical formula KO. Would you expect this compound to be potassium (II) oxide or potassium peroxide? Explain.
Jul 27 2021A loan is to be repaid over 30 years, with month-end repayments of 8,000. If the interest rate is 6.7% pa. compounded monthly Calculate the interest paid for year 10. Cor...
Apr 14 2021Calculate the moment of the 550-lb force about point O shown without using Varignon’s theorem. Make a similar calculation using the theorem, resolving the force into its ...
Jun 26 2020Metronic has $109M in equity and $67M in debt and forecasts $22M in net income for the year. It currently pays dividends equal to 34% of its net income. You are analyzing...
May 09 2021The nation of Ectenia has 20 competitive apple orchards, which sell apples at the world price of $2. The following equations describe the production function and the marg...
May 01 2020After economic class one day, your friend suggests that taxing tobacco would be a good way to raise revenue. In what sense is taxing tobacco a "good" way to raise revenue...
Apr 30 2020Question Help A nationwide motel chain is considering locating a new motel in Bigtown, USA. The cost of building a 170-room motel (excluding furnishings) is $5.5 million....
Feb 01 2020If 55 mg of lead (II) sulfate are placed in 250mL of pure water, what mass of the lead compound remains undissolved?
Jun 19 2021In each of the following, choose the group of words that uses commas correctly.a. honest fair evaluationb. honest, fair evaluation
Jul 02 2021