CE Module 10 Test Review

Governments promote competition by -

• encouraging global trade, supporting start-ups, and preventing monopolies
• taxes
• managing your money wisely
• high

Why does the government provide certain goods and services?

• encouraging global trade, supporting start-ups, and preventing monopolies
• Environmental Protection Agency
• some things can't be provided efficiently by private businesses
• property taxes

Examples of a public goods or services include -

• income
• public schools, roads, libraries, and emergency services
• technology
• human capital

What level of government funds the military?

• Federal
• encouraging global trade, supporting start-ups, and preventing monopolies
• store of value (saving), compare values, and makes trade easier
• fiscally responsible

How do governments typically pay for the services provided?

• taxes
• Environmental Protection Agency
• human capital
• Federal

The federal government is mostly funded by which type of tax?

• income tax
• public schools, roads, libraries, and emergency services
• Federal
• property taxes

Local governments are funded primarily by -

• learn new skills
• store of value (saving), compare values, and makes trade easier
• property taxes
• income tax

Who regulates the airwaves (TV, radio, internet)?

• learn new skills
• Federal Communications Commission
• income tax
• Federal

How does the government protect our property rights?

• legislation and gauranteeing contracts
• anything accepted as payment for goods and services
• managing your money wisely
• income tax

Which regulatory agency is responsible for the environment?

• store of value (saving), compare values, and makes trade easier
• managing your money wisely
• Environmental Protection Agency
• public schools, roads, libraries, and emergency services