CE Chapter 10 Assessment

Which amendment allows the U.S. government to tax personal incomes?

• 15th Amendment

• 16th Amendment

• 17th Amendment

• 18th Amendment

The government establishes and enforces antitrust legislation to discourage

• foreign competition

• business expansion

• global trade

• monopolies

All of the following are types of money used in the United States EXCEPT

• currency

• credit cards

• coins

• bank deposits accessed by checks and debit cards

The Federal Reserve System raises interest rates in order to prevent the outbreak of inflation. By doing this, the government helps

• protect producers

• regulate monopolies

• purchase goods and services

• regulate the supply of money

One goal of the Federal Reserve System is to

• regulate banks

• set the tax rate

• protect the environment

• provide tax money to the government

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

The U.S. encourages marketplace competition by

• supporting new businesses

• developing monopolies

• taxing exports

• limiting economic growth

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

Which statement best describes the role of the Food and Drug Administration in the above story?

• The FDA takes legal action against violators of consumer rights.

• The FDA has the duty to maintain the value of the national currency (dollar).

• The FDA establishes guidelines that protect public health and safety.

• The FDA issues money to facilitate the exchange of currency for goods.

Which of the following is NOT a way the U.S. government pays for public goods and services?

• Borrowing money

• Charging fees and fines

• Taxing individuals and businesses

• Printing more money