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- 1. Multiple Choice
The government discourages competition among businesses.
True
False
- 2. Multiple Choice
The Small Business Administration provides low-cost loans, advice and other assistance to small businesses.
True
False
- 3. Multiple Choice
Common law is based on precedents established by judges’ decisions.
True
False
- 4. Multiple Choice
The Sherman Antitrust Act of 1890 did which of the following?
Established the Federal Trade Commission
Established the Federal Reserve Bank
Allowed the government to break up companies with control of a market
- 5. Multiple Choice
What year was the Federal Trade Commission established?
1890
1901
1915
- 6. Multiple Choice
What is the term for the removal or relaxation of the rules affecting businesses within certain industries?
Regulation
Deregulation
Exertion
Inexertion
- 7. Multiple Choice
The Federal Reserve seeks an unemployment rate below _____________ percent.
2.8
3.4
6.5
- 8. Multiple Choice
Which of the following determines the size and rate of growth of the money supply?
Open markets
Monetary policy
grievance procedure
Unionization
- 9. Multiple Choice
When union representatives and management come together to discuss issues arising between employees and employers this is known as which of the following? A.
Featherbedding
Uionizing
Striking
Collective bargaining
- 10. Multiple Choice
What did the Taft-Hartley Act of 1947 legalize?
Closed shops
Labor unions
Right-to-work laws
Collective bargaining
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