Question

1. \competition in the marketplace is good for consumers and good for business. competition from many different companies and individuals through free enterprise and open markets is the basis of the u.s economy. when firms compete with each other consumers get the best possible prices, quantity, and quality of goods and services. antitrust laws encourage companies to compete so that both consumers and businesses benefit.\ \ftc fact sheet: how competition works,\ federal trade commission

based on the text, with which statement would the federal trade commission most likely agree? e.3.2
a. competition acts as a regulator in a market economy to keep prices low
b. competition creates lower profit margins for producers
c. competition provides producers with less options for production

1. what form is issued at the end of each tax year and is a summary of your earnings and deductions for each year? this is the most important form needed to fill out your taxes.

a. w2 form
b. 1099 form
c. 1040 form

1. why does the u.s. government enforce antitrust laws? e.3.2

a. to ensure the development of public goods and services
b. to make sure there is competition in the marketplace
c. to develop large - scale efficient industries

1. how do governments raise money to provide services? e.3.3

a. by collecting taxes
b. by holding elections
c. by hiring police officers

Explanation:

1. The text states competition gives consumers low prices, aligning with option a.
2. A W2 form summarizes annual earnings for tax filing, matching the description.
3. The text notes antitrust laws encourage competition, which is the stated goal.
4. Tax collection is the primary way governments fund public services.

Answer:

1. a. Competition acts as a regulator in a market economy to keep prices low
2. a. W2 form
3. b. To make sure there is competition in the marketplace
4. a. By collecting taxes