Government and Buisness

Question 1

What does the FTC (Federal Trade Commission) do?

Answer 1

Prevents unfair business practices, enforces antitrust laws.

Question 2

What is the role of the FDA (Food and Drug Administration)?

Answer 2

Regulates food, drugs, and cosmetics to protect public health.

Question 3

What is the purpose of OSHA (Occupational Safety and Health Administration)?

Answer 3

Ensures safe and healthy working conditions.

Question 4

What does the SEC (Securities and Exchange Commission) regulate?

Answer 4

Regulates the stock market and protects investors.

Question 5

What is the function of the EPA (Environmental Protection Agency)?

Answer 5

Protects human health and the environment via regulation.

Question 6

What is the Sherman Antitrust Act?

Answer 6

First federal law to prohibit monopolistic business practices.

Question 7

What does the Clayton Antitrust Act do?

Answer 7

Strengthened Sherman Act, addressed price discrimination and mergers.

Question 8

What is a Corporate Tax?

Answer 8

Tax imposed on company profits.

Question 9

What is Monetary Policy?

Answer 9

Controlled by the Federal Reserve; affects money supply and interest rates.

Question 10

What is Fiscal Policy?

Answer 10

Government taxing and spending decisions to influence the economy.