Pretest

Question 1

What does a mixed-market economy allow consumers to do?

Revolt · Accepted Answer

make economic choices

Question 2

What does the FCC regulate? FCC- Federal Communications Commission

Revolt · Accepted Answer

communications infrastructure

Question 3

Which agency keeps consumers safe when they open a credit card account or take out a home loan?

Revolt · Accepted Answer

CFPB- Consumer Financial Protection Bureau

Question 4

Which of these laws was created in order to directly protect consumers?

Revolt · Accepted Answer

product safety laws

Question 5

What is the main reason the government creates regulations?

Revolt · Accepted Answer

to make sure business is conducted safely and fairly

Question 6

Lillian was hurt at work when a slippery, wet floor wasn’t appropriately marked. Which regulatory agency should she turn to for help?

Revolt · Accepted Answer

OSHA- Occupational Safety and Health Administration

Question 7

Which president initially proposed the development of the EPA? EPA- United States Environmental Protection Agency

Revolt · Accepted Answer

President Nixon

Question 8

Which statement about business regulations is accurate?

Revolt · Accepted Answer

All businesses are subject to local, state, and federal regulations.

Question 9

Who does the SEC oversee? SEC- U.S. Securities and Exchange Commission

Revolt · Accepted Answer

brokers

Question 10

What do OSHA and the SEC have in common? OSHA- Occupational Safety and Health Administration SEC- U.S. Securities and Exchange Commission

Revolt · Accepted Answer

Both create and enforce regulations.

Pretest Answers