Economics Part 2 Quiz

The government establishes and enforces antitrust legislation to discourage--

• foreign competition

• business expansion

• global trade

• monopolies

The headline below describes a case involving--

• civil rights

• property rights

• employee rights

• consumer rights

All of the following are types of money used in the U.S.--

• currency

• credit cards

• coins

• bank deposits

One goal of the Federal Reserve System is to--

• regulate banks

• set the tax rate

• protect the environment

• provide tax money to the government

What is the best heading for the chart below?

• Antitrust Agencies

• Agencies that Promote Marketplace Competition

• Global Trade Commissions

• Commissions that Limit Marketplace Competition

Most goods and services provided by the government--

• benefit businesses more than consumers

• benefit many people at the same time

• could easily be provided by individuals or businesses

• would cost the same if businesses provided them

Which of the following describes the income tax?

• A tax individuals and corporations pay on wages received.

• A tax levied on land, buildings, boats, or cars.

• A tax consumers pay on purchases.

Which of the following describes the sales tax?

• A tax individuals and corporations pay on wages received.

• A tax levied on land, buildings, boats, or cars.

• A tax consumers pay on purchases.

Which of the following describes the property tax?

• A tax individuals and corporations pay on wages received.

• A tax levied on land, buildings, boats, or cars.

• A tax consumers pay on purchases.

An important job of OSHA is to--

• arrange business sales

• maintain control of the private sector

• protect people in the workplace

• investigate unfair business practices