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Government Regulator

BTC 11.1

QuestionAnswer
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