Chapter 4 Review

Match it! Select the correct answer from the pull down...Good luck!

The Constitution gives the federal government the power to regulate _____.

You bought a pair of shoes priced at $60. Your state has a 5 percent sales tax. How much money must the store pay to the state government as a result of this sale?

A _____ gives the inventor the sole right to make, use, or sell the item for 20 years.

Each of the following is a common role of the U.S. government in the economy except _____.

A monopoly exists when a single business controls the market for a specific product or service.

Intellectual property may either be tangible or intangible depending on how it is marketed.

Clauses in labor contracts that pertain to the health and safety of employees while they are on the job are called fringe benefits.

Socially responsible actions by a business benefit society but not the business.