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Government Role in Economy

Authored by Aziz Ganjriz

Social Studies

8th Grade

Used 11+ times

Government Role in Economy
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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main source of revenue for the federal government?

Fees

Property tax

Income tax

Sales tax

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which agency is responsible for regulating and promoting competition in the communications sector?

FDA

FTC

SEC

FCC

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of tax is levied on the sale price of items purchased?

Sales tax

Income tax

Property tax

Corporate tax

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Borrowed funds

Tax revenue

Fees

Private investments

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Federal Reserve System regulate?

Consumer products

The banking system

Environmental policies

Education systems

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a characteristic of most goods and services provided by the government?

Profit-driven

Limited to urban areas

Available only through private companies

Provide benefits to many simultaneously

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of antitrust legislation?

To increase import taxes

To reduce public sector influence

To promote private business monopolies

To discourage the development of monopolies

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