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Government Agencies & the Economy Flashcards | StudBud
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Government Agencies & the Economy
Government Agencies & the Economy
17 terms
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StudBud Administration
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124 plays
Review government agencies which protect consumers, employees, and the environment
Flashcards
17 cards
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Questions
17
Answers
1
The Equal Employment Opportunity Commission protects employees from workplace discrimination.
True
False
2
The Food and Drug Administration protects consumers homes.
True
False
3
If you feel you have been discriminated against at work, you cannot go to court with your case.
True
False
4
OSHA - Occupational Safety & Health Administration protects employees (labor) from workplace hazards.
False
True
5
Which is NOT a way the government promotes competition in the economy?
Engaging in global trade
supporting business closures
providing incentives for business start-ups
Using antitrust legislation - Discourage monopolies
6
Which is NOT a way the government funds public goods and services?
borrowed funds
tax revenue
printing more money
fees and fines
7
The Securities & Exchanges Commission protects investors and promotes fairness in the market.
True
False
8
The United States is a mixed-market economy. It has a private and public sector.
False
True
9
Ownership of private property is protected by....
contracts
fees
taxes
10
The Federal Communications Commission regulates public broadcasting transmissions.
True
False
11
The Environmental Protection Agency (EPA) protects construction sites.
False
True
12
The Fed protects the safety of deposits in private financial institutions.
True
False
13
The Consumer Product Safety Commission protects consumers from unsafe products.
True
False
14
If you feel your consumer rights were violated, you can have the court system settle the dispute.
True
False
15
The Federal Trade Commission regulates how often a business can sell stock.
True
False
16
If you bought a new cell phone that exploded into flames, which government agency should you contact?
Food & Drug Administration
Consumer Product Safety Commission
OSHA - Occuptional Safety & Health Administration
17
Which is NOT an example of a public good or service?
Food Lion
Goochland Middle School
National Defense
Interstate highways
