Institutions, Taxes, Budget, and International Trade

Advances in technology have increased the number of people needed to...

• Teach children in schools

• Work in assembly lines

• Develop computer software

• Serve in the military

What incentive of financial institutions best completes this diagram?

• Dividend payments

• Interest payments

• Bonuses

• Salary

What picture shows a service usually provided by the government?

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What action represents a way the federal government can promote business competition?

• Punishing polluters

• Regulating investors

• Enforcing tariffs

• Prohibiting monopolies

This agreement is an example of how the United States takes part in a--

• Regulatory agreement

• Global economy

• Military agreement

• Financial agreement

Which of the following is a tax levied on land and buildings, and sometimes boats and cars? It is also a key source of revenue for local governments.

• Property Tax

• Income Tax

• Ownership Tax

• Sales Tax

Which of the following facilitates the exchange of money between savers and borrowers?

• Loans

• Deposits and Withdraws

• Financial Institutions

• Interest Fees

Which of the following is NOT an example of a government agency responsible for regulating competition in the United States economy?

• Federal Communications Commission

• Securities and Exchange Commission

• Federal Anti-Trust Commission

• Federal Trade Commission

Tana decides she wants to buy a new car. She went to the dealership and they told her she can have a new car today for a payment of $350 a month for 5 years or a payment of $250 for 8 years. Select the answer that applies to her situation with choosing a payment plan. (hint you may have to do a little math, multiple the payment by how many months you will be paying)

• She will pay more if she chooses to pay $350 per month for 5 years

• Both payment plans are equal to each other because they are paying off the same-priced car

• She will pay more if she chooses to pay $250 per month for 8 years

• Tana will make a small profit because the dealership is paying her interest for her investment on the car

What risks do you take on when you are given a loan from the bank?