CE 13 - Role of Government in the Economy

Front

All of the following are ways the government promotes competition except: prohibiting (preventing) monopolies, engaging in trade, supporting new businesses.

Back

collecting taxes

Front

Which government agency regulates radio and tv?

Back

Federal Communications Commission (FCC)

Front

Which government agency watches over the environment?

Back

Environmental Protection Agency (EPA)

Front

Participating in global trade does all the following except... supports monopolies, provides more competition, being able to buy goods at a lower cost, being able to sell goods at a lower cost

Back

supports monopolies

Front

Revenue from sales tax and income tax

Back

Help pay for public goods and services

Front

The government can borrow money and collects taxes.

Back

true

Front

The ____ amendment authorizes Congress to collect taxes

Back

16

Front

If the government increases borrowing, then private borrowing

Back

decreases

Front

If the government decreases taxes, then private spending

Back

increases

Front

An increase in government spending can result in all the follow EXCEPT: higher taxes, more production, more demand

Back

lower taxes