ce.13 SOL review

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

All are ways the government promotes marketplace competition except -

• encouraging businesses to start.

• passing and enforcing laws in order to prevent monopolies.

• participation in global trade.

• limiting small business start-up loans.

Taxes and borrowed funds are two ways that the government provides -

• vacations.

• news conferences.

• public goods and services.

• bonuses.

National Defense, Public Safety Officers, and the Postal Service are all examples of -

• goods and services provided by the government.

• private businesses that serve our communities.

• goods and services we pay for on an as needed basis.

• private businesses that are owned by individuals.

Public goods and services are those things the government provides for us because -

• everybody needs them.

• we are unable to provide them for ourselves.

• there is a government budget surplus.

• monetary policy is not working to promote economic growth.

Select all of the ways governments pay for public goods and services.

• taxes

• donations

• fees

• fines

• borrowing

The government gets involved in taxing, spending, and borrowing to -

• provide bureaucratic positions for citizens.

• influence economic activity.

• ensure all citizens are paying the same amount of taxes.

• provide health insurance.