Competition, Taxes, Money

What does the Environmental Protection Agency do?

• They regulate interstate and international communications by radio, television, wire, satellite and cable in all 50 states.
• They aim to protect human health and the environment
• They prevent business practices that are anticompetitive or deceptive or unfair to consumers
• They make sure they everyone's feelings are not hurt

What does the Federal Trade Commission do?

• They regulate interstate and international communications by radio, television, wire, satellite and cable in all 50 states.
• They aim to protect human health and the environment
• They prevent business practices that are anticompetitive or deceptive or unfair to consumers
• They make sure they everyone's feelings are not hurt

Which agencies regulates the mass media industry in the economy?

• Food and Drug Administration - FDA
• Environmental Protection Agency - EPA
• Federal Communications Commission - FCC
• Federal Trade Commission - FTC

Which action will the government take when it needs more money?

• hold elections
• lower prices
• increase taxes
• hire workers

What is one feature of a public good or service?

• provides benefits to a few
• would be available if individuals paid for them
• make a profit for the government
• provides benefits to many simultaneously

The government pays for public goods and services through taxes, fees, and 

• spending money
• borrowing money
• foreign trade
• wasting money

Another term for paper money is

• Debit card

• Credit card

• Coins

• Federal Reserve Note

Which of the following is not money?

• Coins

• Credit Card

• Debit Card

• Check

The United States government enforces anti-trust laws to -

• discourage monopolies.

• limit competition.

• increase taxes.

• provide additional public goods and services.

Public goods and services are those things the government provides for us because -

• everybody needs them.

• we are unable to provide them for ourselves.

• there is a government budget surplus.

• monetary policy is not working to promote economic growth.