WorksheetsUnit 9 Review
Total questions: 20
Worksheet time: 9mins
The Federal Communications Commission regulates which industry in the United States?
airlines
energy
television and radio broadcast stations
professional sports
The United States government enforces anti-trust laws to -
discourage monopolies.
limit competition.
increase taxes.
provide additional public goods and services.
If the state of Virginia decided to buy and sell goods with a foreign company, which governmental regulatory agency would be required to approve the venture?
Environmental Protection Agency
Interstate Commerce Commission
Securities and Exchange Commission
Federal Trade Commission
National Defense, Public Safety Officers, and the Postal Service are all examples of -
goods and services provided by the government.
private businesses that serve our communities.
goods and services we pay for on an as needed basis.
private businesses that are owned by individuals.
Public goods and services are those things the government provides for us because -
everybody needs them.
we are unable to provide them for ourselves.
there is a government budget surplus.
monetary policy is not working to promote economic growth.
The right of private ownership is -
protected by contracts with the force of law.
restricted to people age 18 and up.
not recognized in the Constitution.
denied if you are convicted of a felony.
Government agencies establish regulations to -
irritate and annoy individuals and businesses.
protect public health and safety.
satisfy the demands of Congress.
gain support for political parties.
People accept coins and currency issued by the United States government in exchange for goods and services because they -
can no longer barter.
refuse to use personal checks.
have no other type of money.
have confidence in the government.
Which tax is a main source of revenue for the federal government?
sales tax
property tax
income tax
What are two key sources revenue for state governments? (Select 2.)
sales tax
property tax
income tax
What are two key sources revenue for local governments? (Select 2.)
sales tax
property tax
income tax
Which is a tax on individuals and businesses, based on income received?
sales tax
property tax
income tax
Which is a tax levied on land, buildings, boats, and cars?
sales tax
property tax
income tax
Revenue from sales tax and income tax
Help people vote
Help pay for public goods and services
Must be returned to the consumer
Is used to buy more resources
Taxes paid to the government help pay for (choose 3)
Police/Fire
Schools
Pizza
Roads
The ____ amendment authorizes Congress to collect taxes
5
10
16
21
Which is NOT a role of the Federal Reserve system?
Regulating banks
Maintaining value of currency
Acting as the governments bank
Monitoring the president
What is a contract?
a paper that states the price of a car
a legal agreement that is enforced by law
an agreement that can't be enforced
an agreement that is only legal if a judge is present.
What do we call the general rise of prices of goods over time?
Inflation
Deflation
Influx
Interest
