Unit 11 Review: (CE.13a-f)

Front

All of the following are ways the government promotes competition EXCEPT-
Encouraging Monopolies, Enforcing Anti-trust Legislation, Engaging in Global Trade, Supporting New Businesses

Back

Encouraging Monopolies

Front

Which government agency regulates radio and TV broadcasts?

Back

Federal Communications Commission (FCC)

Front

Which government agency protects investors and regulates the stock market?

Back

Securities and Exchange Commission (SEC)

Front

Which government agency promotes competition by enforcing anti-trust laws and protects consumers from unfair business practices?

Back

Federal Trade Commission (FTC)

Front

Which statement is FALSE about public goods and services? Options: The government uses taxes, borrowed funds, fines and fees to pay for publics goods and services. The 28th Amendment allows the government to tax incomes. Public goods and services benefit many people. Most public goods and services would NOT be available if citizens had to provide them.

Back

The 28th Amendment allows the government to tax incomes.

Front

Which of the following is NOT matched correctly?
Income taxes are used by both the federal government and state governments.
Sales taxes are used by both state and local governments.
Property taxes are only used by local governments.
Property taxes are used by both the federal government and state governments.

Back

Property taxes are used by both the federal government and state governments.

Front

What is the name of our nation's central bank? What is the name of the federal government's bank?

Back

The Federal Reserve

Front

The Federal Reserve regulates banks to ensure the soundness of the banking system and safety of -

Back

Deposits

Front

Which is NOT a role of the Federal Reserve system? Options: Regulating banks and banking systems, Maintaining the value of our nation's currency, Managing the amount of money in the economy, Collecting taxes for the federal government, Keeping inflation low and stable

Back

Collecting taxes for the federal government

Front

What can the Federal Reserve do to help a struggling economy and increase consumption by individuals and businesses? Options: Raise interest rates, Lower interest rates

Back

Lower interest rates