What is it called when only one company provides a product or service without comnpetition from other companies?
100
patent
What is an agreement in which the federal government gives an inventor the sole right for 20 years to make, use, and sell an invention or a process?
100
Food and Drug Administration (FDA)
What administers the Federal Food, Drug, and Cosmetic Act and related laws?
100
proportional tax
What is also called a flat tax?
100
income tax
What is tax on the profits of businesses and the earnings of individuals?
200
natural monopoly
What may be better for consumers than competition because of the large cost involvedin developing or supplying a product or service?
200
Patent and Trademark Office
What is the office in which the government gives the inventor a monopoly on newly invented products, designs, or processes?
200
information liability
What is the responsibility for physical or economic injury arising from incorrect or wrongful use of data ?
200
progressive tax
What is a tax based on the ability to pay?
200
sales tax
What is a tax levied on the price of goods and services at the time they are sold?
300
Sherman Act
What was the first major law promoting competition?
300
copyright
What is similar to a patent in that the federal government gives an author the sole right to reproduce, publish, and sell literary or artistic work for the life of the author plus 70 years?
300
intrastate commerce
What is business transacted within a state?
300
proportional tax
What is a tax rate that remains the same regardless of the amount on which the tax is imposed?
300
property tax
What is a tax on material goods owned?
400
Robinson-Patman Act
What act amended the portion of the Clayton Act dealing with the pricing of goods?
400
copyright laws
What also covers electronic methods for distributing creative work?
400
licensing
What is a way to limit and control those who enter certain types of businesses?
400
regressive tax
What is the tax in which the actual tax rate decreases the taxable amount increases?
400
real property tax
What is a tax on real estate?
500
Federal Trade Commision
What was created as a result of many businesses demanding protection from unfair methods of competition?
500
trademark
What is a distinguishing name, symbol, or special mark placed on a good or service that is legally reserved for the sole use of the owner?
500
public franchise
What is a contract that permits a person or organization to use public property for private profit?
500
finding ways to levy taxes fairly and still raise sufficient amounts of money
What is difficult for the government to meet government expenses?
500
assessed evaluation
What is the value of property determined by tax officials?