Government & The Economy

What is one of the federal reserve's primary functions in the United States economy?

• Collecting federal income taxes

• Applying import and export tariffs

• Maintaining stock market stability

• Regulating the nation’s money supply

These are rules used by federal agencies (run by executive) to protect consumers from harm or to protect businesses from unfair competition from bigger, stronger competitors.  

• Political Pressure
• Regulations
• Discretionary Spending
• Entitlements

This is the roads, bridges, power lines, tunnels, railways, and airports of a country that allow for the conduct and expansion of business opportunities and safety of the population

• Infrastructure
• Discretionary spending
• Taxes
• Spending

Which of the following is a benefit of government regulations?

• Consumers protected from harm
• Decreased profits for corporations
• More rainbows, unicorns, and narwhals. 
• more money in consumer's pockets

Which of the following is a cost of government regulations?

• Consumers protected from harm
• Decreased profits for corporations
• More rainbows, unicorns, and narwhals. 
• more money in consumer's pockets

What is it called when one company controls an entire industry without any competition?

• Competition
• Consumer
• Monopoly

Laws that prohibit or ban monopolies and other activity that reduces competition are called what?

• Antitrust Laws 
• Competition
• Consumer Report
• ProTrust Laws

What is the name of the government agency created to stop companies from competing unfairly?

• Federal Communications Commission 
• Federal Trade Commission
• Federal Trade Company
• Environmental Protection Agency 

The main source of revenue for a state is -

• Income tax and sales tax

• Income tax and property tax

• Sales tax and property tax

• Property tax and income tax

This is the central bank of the United States

• Bank of America

• Federal Reserve System

• Board of Governors

• Bank of the U.S.