Section 11.2 Government as Provider

Items provides by the government and paid for using tax money are called ____. 

• incentives
• subsidies
• public goods and services
• transfer payments

Two industries that have historically received subsidies are _____.

• agriculture and steel
• automobiles and steel
• agriculture and textiles 
• steel and textiles

When a business offers a public good or service it is called ____.

• government subsidy
• social welfare
• privatization
• utilization

Unemployment, Social Security, and veterans’ benefits are forms of _____.

• government subsidies
• privatization 
• incentives
• transfer payments

In the United States, more than _____ people work for the federal government.

• 300,000 
• 3,000,000
• 1,000,000
• 10,000,000

Monetary grants given to producers to encourage certain behaviors are called _____.

• deductions 
• exemptions
• endowments
• subsidies

Income tax ____ help pay for public goods and services and provide money for transfer payments.

• breaks 
• revenues 
• incentives
• subsidies

A special tax benefit given to promote specific economic or social objectives is called a tax ____ .

• break
• loophhole
• deduction
• rebate

Parks, libraries, museums, and swimming pools provided by the government are examples of facilities that improve people’s ___.

• attitudes 
• standard of living
• quality of life
• security

The Small Business Administration offers _____ to people who want to open small businesses

• advice 
• tax rebates
• tax incentives
• transfer payments