CE 13 Review

Choose the best title for the following:

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-Central Bank of the US

-Regulates money supply

-Maintains the value of US currency

• Fort Knox

• FEDS

• Federal Reserve System

• Central Federal Bank

Which is NOT a reason why monopolies are bad for the consumer?

• they eliminate marketplace competition

• they result in lower quality of goods and services

• they result in higher prices

• they result in higher quality of goods and services

All of the following are examples of public goods and services EXCEPT...

• clothing

• interstate highways

• postal service

• national defense

How does the government promote marketplace competition?

• enforcing antitrust legislation

• decreasing global trade

• encouraging monopolies

• discouraging business start-ups

Where does Congress get the authority to tax personal and business incomes?

• 14th Amendment

• 16th Amendment

• The Virginia Constitution

• 5th Amendment

What is considered the federal government's bank?

• Bank of America

• The Federal Reserve System

• Feds

• private financial institutions

Individuals have the right to private ownership, which is protected by

• judicial review

• eminent domain

• negotiated contracts that are enforceable by law

• the US Constitution

All are examples of government agencies that regulate and promote competition in the marketplace EXCEPT:

• SEC

• FCC

• PAC

• FTC

All of the following are types of money used in the US EXCEPT:

• Federal Reserve Notes

• Euro

• Coins

• Checks and debit cards

What does the government provide using tax revenue?

• private goods and services

• business revenue

• public goods and services