Government Regulations
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Disposable income | The amount of money people have to spend, or dispose of, after they have paid their taxes; also called discretionary income
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| Federal Communications Commission (FCC) | A government agency that regulates interstate and international communications by radio, television, wire, satellite, and cable
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| Federal Trade Commission (FTC) | A government regulatory agency that administers and enforces antitrust laws to prevent price fixing and to prohibit unfair competitive practices
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| Fiscal policy | The government policy that sets levels of government spending and taxation
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| Food and Drug Administration (FDA) | The regulatory agency established by the federal government to enforce laws that protect consumers’ health
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| Licensing | Issuing a government permit that allows an individual or a business to function in the marketplace
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| Monetary policy | The government policy that determines the amount of money that will be in circulation and the level of interest rates
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| Monopoly | A condition in which a market is controlled by one supplier with no substitute goods or services readily available
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| Natural monopoly | A single business that influences the entire production of a particular good or service because it is in the best interests of the public for the business to do so
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| Disposable income | The amount of money people have to spend, or dispose of, after they have paid their taxes; also called discretionary income
🗑
|
||||
| Federal Communications Commission (FCC) | A government agency that regulates interstate and international communications by radio, television, wire, satellite, and cable
🗑
|
||||
| Federal Trade Commission (FTC) | A government regulatory agency that administers and enforces antitrust laws to prevent price fixing and to prohibit unfair competitive practices
🗑
|
||||
| Fiscal policy | The government policy that sets levels of government spending and taxation
🗑
|
||||
| Food and Drug Administration (FDA) | The regulatory agency established by the federal government to enforce laws that protect consumers’ health
🗑
|
||||
| Licensing | Issuing a government permit that allows an individual or a business to function in the marketplace
🗑
|
||||
| Monetary policy | The government policy that determines the amount of money that will be in circulation and the level of interest rates
🗑
|
||||
| Monopoly | A condition in which a market is controlled by one supplier with no substitute goods or services readily available
🗑
|
||||
| Natural monopoly | A single business that influences the entire production of a particular good or service because it is in the best interests of the public for the business to do so
🗑
|
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