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- 1. Multiple ChoiceWhich action represents a way the federal government can promote business competition?punishing pollutersregulating investorsprohibiting monopoliesenforcing tariffs
- 2. Multiple ChoiceWhich solution will have the biggest impact if a consumer's rights have been violated?take legal actionboycott the companyinterview for the newspaperwrite a complaint letter
- 3. Multiple ChoiceThe monetary system in the United States is successful because of-the stock market's prices on shares of corporationsthe confidence of the consumer in the govtthe supply and demand for the U.S. dollar overseasthe ability of businesses to issue money
- 4. Multiple ChoiceOther than taxes, how else does the government get money to pay for public goods and services?businessesdonationsborrowed moneycorporations
- 5. Multiple ChoiceIncreased government spending on public goods and services-increases demanddecreases demandlowers taxesdecreases production
- 6. Multiple ChoiceWhen the government lowers taxes-national wealth decreasesnational resources are depletedinternational trade decreasesconsumers have more money to spend
- 7. Multiple Choice
Which is a federal reserve note?1234 - 8. Multiple ChoiceIncreased government spending may result in-lower taxeshigher taxeslower demandincreased trade
- 9. Multiple ChoiceWhen Congress needs a loan, they go to the Federal Reserve. This shows that the Fed is-responsible for legislative purchasesthe federal government's tax collectoraccountable for legislative actionsthe federal government's bank
- 10. Multiple ChoiceWhat is an agreement between two or more people called?contractdiscountsecuritycompromise
- 11. Multiple ChoiceTaxes a resident pays to the government provide all the following service EXCEPTroadspublic schoolscable tvpolice
- 12. Multiple ChoiceTags inside clothing that tells the country of origin and the fabric that it is made of is a result a federal law to protect consumers. Which of the following would most likely enforce this law?Federal Trade CommissionInternal Revenue ServiceFederal Communications CommissionEnvironmental Protection Agency
- 13. Multiple ChoiceA federal government agency has recalled a type of hair dryer due to risk of electrocution. Which agency description most likely applies to this recall?responsible for enforcing federal safety standardsprevents or corrects unfair labor practicesestablishes and enforces pollution standardsadministers federal food purity laws and drug testing
- 14. Multiple ChoiceWhat constitutional amendment gives Congress the power to lay and collect taxes on incomes of individuals and businesses?3rd amendment5th amendment16th amendment19th amendment
- 15. Multiple ChoiceAll the following are ways the government promotes competition except-enforce antitrust lawssupport business startupsincrease taxestrade goods with other countries
- 16. Multiple ChoiceA new movie has been given a viewer rating of "G", which means it is appropriate for all ages to watch. Which government agency would be responsible for making this decision?Federal Bureau of InvestigationEnvironmental Protection AgencyFederal Trade CommissionFederal Communications Commission
- 17. Multiple ChoiceWhich is NOT a form of money?debit cards and checkscoinsfederal reserve notescredit cards
- 18. Multiple ChoiceA television campaign that focuses on recycling or stopping pollution is most likely connected to which government agency?CCCEPAFTCFCC
- 19. Multiple ChoiceUnited States currency is created by-The Stock Marketbusinessesbanksthe government
- 20. Multiple ChoiceThe government issues money to-enable the exchange of goods and servicesbecome a self-sufficient nationenable all citizens to be financially equalcompete against a member of the European Union
- 21. Multiple ChoiceAll of the following are examples of public goods and services EXCEPT...United States MilitaryPost OfficesFedEx deliveriesInterstate highways
- 22. Multiple ChoiceIncreased government borrowing-has little impact on the economyincreases the money available for individuals to borrowreduces money available for individuals to borrowlowers taxes for citizens
- 23. Multiple ChoiceThe three ways the government promotes competition in the marketplace are supporting business start-ups, enforcing antitrust legislation and -investing in the stock marketcreating new jobsraising taxesengaging in global trade
- 24. Multiple Choice"Verizon vs AT&T": this best represents which characteristic of the U.S. economy?consumer sovereigntyfree marketsprofitcompetition
- 25. Multiple ChoiceWhich is not a role of the Federal Reserve Bank?tries to keep inflation low by regulating the amount of money in the economyregulates banks to make sure deposits are safe and acts as the federal govts bankworks to maintain the value of the dollarloans money to businesses and individuals
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