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The History of Economic Regulation

This quiz will test your knowledge on the history of economic regulation.

15 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

In the United States, the first federal agency to regulate economic activity was the:

  1. Interstate Commerce Commission
  2. Federal Trade Commission
  3. Securities and Exchange Commission
  4. Federal Reserve System
Question 2 Multiple Choice (Single Answer)

The Sherman Antitrust Act of 1890 was enacted to:

  1. Break up Standard Oil
  2. Prevent the formation of monopolies
  3. Regulate the prices of goods and services
  4. Protect consumers from fraud and deception
Question 3 Multiple Choice (Single Answer)

The Clayton Act of 1914 was enacted to:

  1. Strengthen the Sherman Antitrust Act
  2. Regulate the prices of goods and services
  3. Protect consumers from fraud and deception
  4. Encourage the formation of cartels
Question 4 Multiple Choice (Single Answer)

The Federal Trade Commission Act of 1914 was enacted to:

  1. Break up Standard Oil
  2. Prevent the formation of monopolies
  3. Regulate the prices of goods and services
  4. Protect consumers from fraud and deception
Question 5 Multiple Choice (Single Answer)

The Securities Act of 1933 was enacted to:

  1. Regulate the stock market
  2. Protect investors from fraud and deception
  3. Encourage the formation of cartels
  4. Break up Standard Oil
Question 6 Multiple Choice (Single Answer)

The Securities Exchange Act of 1934 was enacted to:

  1. Regulate the stock market
  2. Protect investors from fraud and deception
  3. Encourage the formation of cartels
  4. Break up Standard Oil
Question 7 Multiple Choice (Single Answer)

The Public Utility Holding Company Act of 1935 was enacted to:

  1. Break up Standard Oil
  2. Prevent the formation of monopolies
  3. Regulate the prices of goods and services
  4. Encourage the formation of cartels
Question 8 Multiple Choice (Single Answer)

The Natural Gas Act of 1938 was enacted to:

  1. Regulate the natural gas industry
  2. Protect consumers from fraud and deception
  3. Encourage the formation of cartels
  4. Break up Standard Oil
Question 9 Multiple Choice (Single Answer)

The Federal Power Act of 1935 was enacted to:

  1. Regulate the electric power industry
  2. Protect consumers from fraud and deception
  3. Encourage the formation of cartels
  4. Break up Standard Oil
Question 10 Multiple Choice (Single Answer)

The Communications Act of 1934 was enacted to:

  1. Regulate the telecommunications industry
  2. Protect consumers from fraud and deception
  3. Encourage the formation of cartels
  4. Break up Standard Oil
Question 11 Multiple Choice (Single Answer)

The Civil Aeronautics Act of 1938 was enacted to:

  1. Regulate the airline industry
  2. Protect consumers from fraud and deception
  3. Encourage the formation of cartels
  4. Break up Standard Oil
Question 12 Multiple Choice (Single Answer)

The Motor Carrier Act of 1935 was enacted to:

  1. Regulate the trucking industry
  2. Protect consumers from fraud and deception
  3. Encourage the formation of cartels
  4. Break up Standard Oil
Question 13 Multiple Choice (Single Answer)

The Railroad Revitalization and Regulatory Reform Act of 1976 was enacted to:

  1. Deregulate the railroad industry
  2. Protect consumers from fraud and deception
  3. Encourage the formation of cartels
  4. Break up Standard Oil
Question 14 Multiple Choice (Single Answer)

The Staggers Rail Act of 1980 was enacted to:

  1. Further deregulate the railroad industry
  2. Protect consumers from fraud and deception
  3. Encourage the formation of cartels
  4. Break up Standard Oil
Question 15 Multiple Choice (Single Answer)

The Telecommunications Act of 1996 was enacted to:

  1. Deregulate the telecommunications industry
  2. Protect consumers from fraud and deception
  3. Encourage the formation of cartels
  4. Break up Standard Oil
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