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

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

What does the EPA do?

• it regulates interstate and international communication

• it protects human health and the environment

• it protects consumers from identity theft, false advertisements, etc.

• it maintains the value of the US currency

What does the SEC do?

• It prohibits false advertising in commerce

• It protects investors from fraud

• It protects human health and the environment

• It regulates the radio, TV, and phones

Which two government agencies protect your rights as a WORKER?

• Consumer Product Safety Commission (CPSC)

• Equal Employment Opportunity Commission (EEOC)

• Occupational Safety and Health Administration

• Food and Drug Administration (FDA)

• Environmental Protection Agency (EPA)

How many Federal Reserve Banks are there in the United States?

• 27

• 10

• 12

• 15

What is the main source of revenue for the state level of government?

• income tax

• income tax and sales tax

• sales tax

• property tax and sales tax

What is the main source of revenue for the local level of government?

• income tax

• income tax and sales tax

• sales tax

• property tax and sales tax