Inflation and Stagflation (continued) — Unit test Answers

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What is a primary economic goal of governments?

reducing income inequality

maximizing individual freedoms

advancing technological innovation

protecting natural resources

In which situation would government regulation most likely be necessary?

A factory requires employees to work in unsafe conditions.

A restaurant requires employees to work overtime on weekends.

A computer company requires employees to work long hours.

A power plant requires employees to take safety training classes.

A purpose of government regulation in a mixed-market economy is to protect

property rights.

corporate rights.

monetary rights.

states' rights.

A regulatory agency that protects workers is

OSHA.

EPA.

FDA.

SEC.

[BLANK]

sales tax

tariff

excise tax

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