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Government Regulator
BTC 11.1
| Question | Answer |
|---|---|
| Business that takes place between states. | Interstate Commerce |
| Business that takes place within states. | Intrastate Commerce |
| Occurs when a company controls an industry. | Monopoly |
| When a small number of companies control an industry. | Oligopoly |
| When a group of companies band together to form a monopoly and cut out competition. | Trust |
| Allow the federal government to break up monopolies, regulate them, or take control of them. | Antitrust Laws |
| A legally enforceable agreement between two or more parties. | Contract |
| Occurs when a party fails to live up to the terms of the contract. | Breach of Contract |
| gives artists the legal right to own their creations. | Copyright |
| A legal grant for the sole right to own an invention. | Patent |
| A name, symbol, or characteristic that identifies a product. | Trademark |
| Income that governments get from all sources. | Revenue |
| occurs when a business offers a public good or service. | Privatization |
| monetary grants given to producers or consumers to encourage certain behaviors. | Subsidies |
| An amount of money people and businesses pay to help run the nation, state, city, or town. | Tax |
| A temporary tax reduction or elimination to encourage or discourage an activity. | Tax Incentive |
| Having or relating to a system of government in which several states form a unity but remain independent in internal affairs. | Federal |
| Give (someone or something) the authority or means to do something. | Enables |
| A thing that represents or stands for something else, esp. a material object representing something abstract. | Symbol |
| Enter or record in an official list as being in a particular category, having a particular eligibility or entitlement, or in keeping... | Registered |
| A thing that motivates or encourages one to do something. | Incentives |
| The health, happiness, and fortunes of a person or group. | Welfare |
| Make certain that (something) shall occur or be the case. | Ensure |
| Distribute (resources or duties) for a particular purpose. | Allocate |
| Items provided by the government, and payed by taxes. | Public Goods |
| A government expense that is provided to help people. | Transfer Payments |
| A special tax benefit given to promote specific economic or social objectives. | Tax Break |
Created by:
zachary_franz
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