Econ Review March 13

This amendment gave Congress authorization to tax incomes.

• 1st

• 16th

• 10th

• 5th

Which agency monitors business trading?

• EPA

• FCC

• FTC

• FBI

Which of the following is not an example of a public good or service?

• interstate highways

• postal service

• national defense

• corner store

Antitrust legislation was created to discourage the growth of

• monopolies

• small corner stores

• competition

Which branch was given the power to tax by the 16th amendment?

• legislative

• executive

• judicial

• Supreme Court

The government taxes, borrows, and __________ to influence economic activity.

• makes laws

• spends

• enforces policies

The _________ is the nation's central bank.

• Bank of America

• Federal Reserve

• U.S. Credit Union

When the government supports business start ups it is ________

• promoting marketplace competition

• discouraging marketplace competition

Why does the government provide public goods and services?

• they would likely not be available if individuals had to provide them

• they can produce them at a greater cost

• there is no difference in cost so it doesn't matter which group provides them

Which of the following is NOT a type of money

• coins

• federal reserve notes(currency)

• credit cards

• deposits linked to checks and debit cards