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WorksheetsSOL Review-CE11-CE14
Total questions: 20
Worksheet time: 30mins
Which Constitutional amendment gives the government the authority to tax the income of individuals and businesses?
10th
1st
12th
16th
What is the name for the type of company that helps people buy and sell stock, as well as helping them invest money?
Deposit Center
Securities Brokerage
Credit Union
Bank
What type of economy is set up where private individuals, businesses, and the government share economic decision making?
Mixed Economy
Free-Market Economy
Foreign Economy
Command Economy
The definition of ______________ states that consumers determine through purchases what goods and services will be produced.
Entrepreneur
Proprietorship
Consumer Sovereignty
Competition
Rivalry between producers/sellers of a good or service result in better quality goods and services at a lower price. This is called __________.
Consumer Sovereignty
Capitalism
Corporation
Competition
Enforcing antitrust legislation discourages the development of __________.
Low Wages
Monopolies
New Businesses
Competition
What government agency regulates what is seen and heard on television and radio?
Environmental Protection Agency
Federal Trade Commission
Federal Communications Commission
National Aeronautics and Space Administration
What is a form of business organization with 1 owner who takes all the risks and all the profit?
Partnership
Corporation
Incorporation
Proprietorship
What is a form of business that is authorized by law to act as a legal person regardless of the number of owners. Owners share the profits, and owner liability is limited to what they have invested.
Partnership
Monopoly
Corporation
Proprietorship
A person who takes a risk to produce goods and services in search of a profit is called a(an)_____________.
Competitor
Entrepreneur
Politician
Environmentalist
Which of these is NOT a way the Federal Reserve Bank stimulates the economy?
Purchase government securities
Lower the reserve requirement
Fire workers
Lower the discount rate
Government tax ________ increase funds for private and business spending.
increases
do not change
drastically change
decreases
The Federal Reserve Bank is the central bank of the United States and acts as a ___________>
Bankers' bank
People's bank
The government of Russia's bank
Virginia's Bank
One of thse is NOT an example of a public service or good. It is__________.
Banks
National Defense
Interstate Highways
Postal Service
The two ways the government provides public goods and services is through borrowed money and ________.
Illegal seizure of money
Community Services
Forced Labor
Tax Revenue
Increased government spending may result in higher taxes. Decreased government spending may result in _____________taxes.
Lower wages
Lower taxes
Higher wages
Higher taxes
Individuals have the right of private ownership, which is protected by negotiated _________ that are enforcable by law.
arguments
divorce settlements
hostages
contracts
Which of these is NOT a way the Federal Reserve Bank slows the economy?
Increase the reserve requirement
Restrict the money supply
Raise the discount rate
Hire new workers
Government agencies establish guidelines that protect public ________ and _____.
privacy and homelife
health and safety
privacy and secrets
interest and health
In the United Staes, who is it that determines through their purchases what businesses will produce and sell?
Credit analysts
Corporations
Capybaras
Consumers
