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BTC 11.1

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