CE.13 & CE.14 Econ/Personal Finance Review

All of the following are reasons the government enforces antitrust legislation EXCEPT -

• To prevent the formation of monopolies

• To encourage competition

• To decrease competition

• To keep prices low and quality of goods high

If a company spills toxic chemicals into a waterway, which government agency will make them pay for cleanup?

• The EPA

• The FCC

• The FTC

• The SEC

If a phone company starts selling phones that explode and hurt their users, which government agency will punish the phone company?

• The EPA

• The FCC

• The FTC

• The SEC

If a TV station airs inappropriate material during a children's program, which government agency will make the TV station pay a fine?

• The EPA

• The FCC

• The FTC

• The SEC

If a company misleads its investors and steals their money, which government agency will punish the company and try to get the investors' money back?

• The EPA

• The FCC

• The FTC

• The SEC

Why does the government provide public goods and services?

• Because individuals could not provide them on their own

• To benefit as many people as possible

• Because businesses cannot afford to provide some services profitably

• All of the above

Roads, schools, bridges, first responders, and the military are all examples of -

• Private goods and services

• Public goods and services

• Infrastructure

• Businesses

The federal government's money comes from -

• printing money.

• donations.

• tax revenue.

• the states.

When the government spends more money, the economy usually -

• shrinks.

• stays the same.

• experiences high inflation.

• grows.

When the government spends less money, the economy usually -

• shrinks.

• stays the same.

• experiences high inflation.

• grows.