
Roles of gov't in the economy
Authored by Kevin Wetmore
Social Studies
3rd Grade
Used 7+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is true about public goods and services like highways and defense?
They are provided for only a few people at a time.
They are provided for many at one time and would not otherwise be available to everyone.
They are never used by the public.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the 16th Amendment relate to in terms of fiscal policy?
The establishment of the Federal Reserve
The introduction of income tax
The creation of Social Security
The prohibition of alcohol
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one method the government uses to pay for goods and services?
Increasing educational funding
Reducing military expenses
Borrowing money (deficit spending)
Privatizing national parks
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of anti-trust legislation?
To support monopolies
To reduce competition
To prevent monopolies
To increase taxes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a way to promote competition?
Limiting business start-ups
Engaging in local trade only
Ignoring global trade opportunities
Assisting business start-ups
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of the Fed in the United States?
It provides educational services
It regulates the money supply
It oversees healthcare
It constructs roads
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Fed do with bonds and securities?
It only buys bonds
It only sells securities
It buys and sells bonds/securities
It trades stocks
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