U.S. Economy 2

Presidential Candidate Supports the Repeal of the 16th Amendment. This candidate supports the removal of -

• business regulations
• pollution controls
• import tariffs
• income tax

The central bank of the the United States is the -

• Department of  Treasury
• Federal Reserve System
• U.S. Mint
• Bureau of Engraving and Printing

People buy products by entering into -

• agreements to lease property
• agreements with the government to arrange the purchase of the property

• contracts to purchase property
• agreements to rent the property

The right of private property is protected by -

• the First Amendment

• the Federal Reserve System
• government securities
• negotiated contracts

What is one function of money?

• To pay for most consumer purchases
• To build up savings and investment
• To serve as a medium of exchange
• To set prices in the marketplace

The government issues currency and coins to -

• help make the exchange of  goods and services
• control the exchange of goods and services
• promote monopolies
• promote global trade

To protect consumers, federal agencies -

• write contracts for consumers
• establish guidelines for public health
• ask the Supreme Court to research business
• approve all consumer contracts before they take effect

If  a business violates a consumer's rights, he/she may -

• do nothing
• take legal action
• write a contract
• write his/her congressperson

The United States has a __ economy.

• traditional
• command
• free market
• mixed

Julie buys clothes at garages sales and then auctions them off herself on the Internet. What type of business organization does she have?

• Proprietorship
• Entrepreneurship
• Corporation
• Proprietorship