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11.1 Madi Gordon

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 in states.   Intrastate Commerce  
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Occurs when a company contorls an industry or is the only one to offer a product or service.   Monopoly  
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Occurs when a small number of companies control the company.   Oligopoly  
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A group of companies that 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 enforcable agreement between two or more parties.   Contract  
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Occurs when one party fails to live up to the terms of a contract.   Breach of Contract  
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Give 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, a symbol, or a characteristic that identifies a product.   Trademark  
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The 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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Are monetary grants given to producers or consumers to encourage certain behaviors.   Subisidies  
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An amount of money peopole and businesses pay governments to help run the nation, state, city, county, or town.   Tax  
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A temporary reduction or elimination of a tax that is meant to encourage or dicourage an activity.   Tax incentive  
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Of or relating to the central government or a federation as distinguished from the governments of the constituent units.   Federal  
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To make possible, practical, or easy.   Enables  
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Something that stands for or suggest something else by reason of relationship, association, conventions, or accidental resemblence.   Symbol  
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Enrolled formally   Registered  
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Something that incites or has a tendency to incite to determination or action.   Incentives  
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The state of doing well, especially in respect to good fortune, happiness, well-being, or prosperity.   Welfare  
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To make sure, certain, or safe.   Ensure  
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To apportion for a special purpose or to particular persons or things.   Allocate  
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Items provided by government and paid for using tax money.   Public Goods and Services  
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Items that consumers purchase directly from businesses.   Private goods and services  
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A government expense that is provided to help people.   Transfer payment  
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