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Civics and Economics CE.13 Study Guide

Authored by Nikole Dickson

History

7th Grade

40 Questions

Civics and Economics CE.13 Study Guide
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way the government promotes marketplace competition?

By establishing monopolies

By enforcing antitrust legislation

By discouraging global trade

By limiting business start-ups

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: Government provides certain goods and services that individuals and businesses acting alone cannot provide _______.

efficiently

independently

cheaply

quickly

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

They provide benefits to many simultaneously

They are only available to individuals

They exclude national defense

They are not related to public schools

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do governments pay for public goods and services?

Through donations

Through tax revenue

Through volunteer work

Through barter systems

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: Income tax is a payment made by individuals and corporations based on _______ received.

income

expenses

savings

loans

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The role of the Federal Reserve System as the nation's central bank is to:

regulate the stock market

control the money supply and interest rates

manage the federal budget

oversee state banks

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a function of the Federal Reserve System?

Regulates banks

Influences the money supply

Provides financial services

All of the above

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