Mid-Term Study Guide AMER GOV PDF

Summary

This document is a mid-term study guide for American government. It covers topics such as monopolies, antitrust laws, and lobbying. The questions and explanations within the document provide practice for students.

Full Transcript

Name: Mr.Press American Government Period: Date: Mid-Term Study Guide 1.​ What is a monopoly? When a single corporation dominates one or more industries. 2.​ Give an example of a monopoly we studied in class. Explain how the example you select...

Name: Mr.Press American Government Period: Date: Mid-Term Study Guide 1.​ What is a monopoly? When a single corporation dominates one or more industries. 2.​ Give an example of a monopoly we studied in class. Explain how the example you selected is a monopoly. 3.​ What is an industry? The type of good or service being produced or sold by a monopoly. 4.​ How do monopolies harm ordinary Americans? They increase prices on their goods to unaffordable levels. 5.​ Give an example of a monopoly we studied in class that harmed ordinary Americans. Explain your answer. 6.​ If a monopoly is harming ordinary Americans, why don't ordinary Americans buy from a different company? Ordinary Americans don’t have the option to buy from other companies, because the monopoly is the only company in the industry. 7.​ What is a regulation? A rule or law. 8.​ What is antitrust law? Laws designed to stop monopolies from harming ordinary Americans (workers, small business owners, and consumers) 9.​ Why is antitrust law important? To stop monopolies from destroying small businesses and abusing workers and consumers. 10.​What is lobbying? Giving money to politicians to influence the laws they create and support. This is bribery. 11.​Give an example of a monopoly we studied in class that lobbied the American government. a.​ Explain exactly why the monopoly you selected lobbied the government. b.​ What was the outcome of the lobbying? 12.​How do monopolists avoid antitrust laws and other regulations? By lobbying politicians. 13.​What is the primary function of the legislative branch? Legislative branch is responsible for creating laws. 14.​What is the primary function of the executive branch? Executive branch is responsible for enforcing the laws. 15.​What is the primary function of the judicial branch? Judicial branch can approve or deny a law - this depends on whether or not the judicial branch believes that the law follows the constitution. Mid-Term Study Guide Amer Govt Practice 2025 Practice with this one! “If you write it, you will remember it!”

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