CE 13

A situation where one business controls all or almost all of the sales of a product

• Federal Reserve System

• Corporation

• Monopoly

• Property Right

A legal claim to ownership that are protected by contracts enforceable by law.

• Property Right

• Trust

• Consumer Right

• Financial Responsibility

A tax based on individual or family income.

• W-2 Tax

• Property Tax

• Sales Tax

• Income Tax

• 14th Amendment

• 15th Amendment

• 16th Amendment

• 24th Amendment

Define the Federal Reserve System

• A tax based on individual or family income.

• The central bank of the United States Government.

• A business organization that facilitates the exchange of money and currency

• A situation where one business controls all or almost all of the sales of a product.

Goods and services provided by the government paid for with tax dollars, like 911, public schools, parks, roads, etc.

• Capital Resources

• Civic Responsibilities

• Public Goods and Services

• Central ownership

The Federal Communications Commission regulates which industry in the United States?

• airlines

• energy

• television and radio broadcast stations

• professional sports

The United States government enforces anti-trust laws to -

• discourage monopolies.

• limit competition.

• increase taxes.

• provide additional public goods and services.

The radio disc jockey on Z104 aired a portion of his/her broadcast that was inappropriate and against the law. Which governmental regulatory agency will most likely levy a fine and/or penalty against the radio station?

• Federal Trade Commission

• Federal Communications Commission

• Consumer Protection Safety Commission

• Federal Deposit Insurance Corporation

If the state of Virginia decided to buy and sell goods with a foreign company, which governmental regulatory agency would be required to approve the venture?

• Environmental Protection Agency

• Interstate Commerce Commission

• Securities and Exchange Commission

• Federal Trade Commission