SOL CE13

Question 1

If a plastics company gains control ofthe plastics market the gov would investigate in order to

Accepted Answer

preserve competition

Question 2

Why would the government restrict Pepsi from purchasing Coke?

Accepted Answer

anti-trust laws

Question 3

All of the following are types of money used in the United States EXCEPT-

Accepted Answer

The Federal Reserve

Question 4

What is the central bank of the United States called?

Accepted Answer

Federal Reserve

Question 5

A host of a TV show used a swear word and now must have a 7 day delay. Who is requiring delay?

Accepted Answer

FCC

Question 6

"Government Maintains Value of the Dollar!" This headline represents the role of the-

Accepted Answer

Federal Reserve

Question 7

The US government promotes marketplace competition by--

Accepted Answer

Engaging in global trade

Question 8

What is the relationship between gov spending and employment?

Accepted Answer

Increased spending = increased employment

Question 9

Which statement best explains why the government provides goods and services to citizens?

Accepted Answer

They would not be available if individuals had provide them

Question 10

What can the Federal Reserve do to slow down the rate of inflation?

Accepted Answer

raise interest rates

Question 11

The acronym FCC refers to the--

Accepted Answer

Federal Communications Commission

Question 12

What is the main job of the Federal Reserve?

Accepted Answer

Maintain the value of the dollar

Question 13

The United States government provides all of the following services EXCEPT-

Accepted Answer

satellite radio

Question 14

One goal of the federal reserve is--

Accepted Answer

ensure the stability of the banking system

Question 15

Which government agency would most likely protect the American consumer?

Accepted Answer

Federal Trade Commission

Question 16

Which of the following is NOT a function of money?

Accepted Answer

Serve as a method of purchasing on credit

Question 17

United States currency is created by -

Accepted Answer

the govenrment

Question 18

What is the relationship between gov. spending and taxes?

Accepted Answer

Increased spending = higher taxes

Question 19

This agreement is an example of how the US takes part in a--

Accepted Answer

global economy

Question 20

In his 1933 Inaugural Address, what role did FDR think the gov should have in the economy?

Accepted Answer

To help unemployed people get back to work

Question 21

All of the following are ways the government promotes competition EXCEPT-

Accepted Answer

increase taxes

Question 22

Which reason best explains why the Federal Reserve will lower interest rates?

Accepted Answer

To encourage people to spend their money/stimulate economy

Question 23

Products and services that are used by everyone and provided by the government are called-

Accepted Answer

public goods

Question 24

Public goods and services are paid through-

Accepted Answer

taxes

Question 25

This graph shows that from 1931 to 1939, the--

Accepted Answer

gov spent more money than it received

Question 26

All of the following are reasons why the government participates in global trade EXCEPT-

Accepted Answer

develop monopolies

Question 27

Private property is protected by-

Accepted Answer

enforceable contracts

Question 28

How do federal agencies protect consumers?

Accepted Answer

They establish guidelines for public health and safety

Question 29

Which amendment allows Congress to tax personal and business incomes?

Accepted Answer

16th

Question 30

Increased government spending may result in-

Accepted Answer

higher taxes

Question 31

Schools, highways, and libraries are referred to as public services because they-

Accepted Answer

provide benefits to many people

Question 32

All of the following are jobs of the Federal Reserve EXCEPT-

Accepted Answer

Increase taxes

Question 33

The acronym EPA represents the--

Accepted Answer

Environmental Protection Agency

Question 34

When the gov lowers taxes-

Accepted Answer

consumers have more money to spend

Question 35

All of the following are examples of public goods EXCEPT--

Accepted Answer

clothes

Question 36

This cartoon shows that the Federal Reserve System is-

Accepted Answer

the federal government's bank

Question 37

Increased gov spending on public goods and services-

Accepted Answer

increases demand

Question 38

Other than taxes, how does the government get money to pay for goods and services?

Accepted Answer

Borrowed money

Question 39

Radio and television programming fall under the control of the--

Accepted Answer

Federal Communications Commission

Question 40

"Lawsuit Filed Against Major Store for Unfair Sales Practices" This headline describes a - case

Accepted Answer

consumer rights

Question 41

This excerpt is from the--

Accepted Answer

16th amendment

Question 42

The government enforces anti-trust laws in order to--

Accepted Answer

promote competition

Question 43

"Candidates Supports Appeal of 16th Amendment"- This candidate supports the removal of--

Accepted Answer

income taxes

Question 44

A goal of the Federal Reserve System is to-

Accepted Answer

Keep the economy stable

Question 45

Which is the best action the gov can take to increase funds available for businesses?

Accepted Answer

lower taxes

Question 46

Which of the following is NOT an example of a private good or service?

Accepted Answer

Library

Question 47

The government encourages marketplace competition by-

Accepted Answer

supporting new businesses

Question 48

In which year was the federal reserve most likely trying to discourage banks from borrowing $?

Accepted Answer

2007

Question 49

A candidate talks about decreasing pollution in a speech. Which agency would support her?

Accepted Answer

Environmental Protection Agency

Question 50

Increased government borrowing-

Accepted Answer

reduces money availble for individuals to borrow

Question 51

When the government decreases taxes what happens to the amount of money available for spending?

Accepted Answer

increases

Question 52

Which government agency uses the acronym FTC-

Accepted Answer

Federal Trade Commission

Question 53

A televisions campaign that focuses on recycling and stopping pollution is associated with--

Accepted Answer

EPA

Question 54

Which action represents a way the federal government can promote business competition?

Accepted Answer

Prohibiting monopolies

Question 55

When taxes increase, what happens to spending by individuals and businesses?

Accepted Answer

decreases

Question 56

What is another name for Federal Reserve notes?

Accepted Answer

currency

Question 57

What can the Federal Reserve do to help stimulate the economy and bring it out of a recession?

Accepted Answer

Lower interest rates

Question 58

What is the best title for the diagram?

Accepted Answer

Government Agencies

SOL CE13

Questions 58

SOL CE13

Questions 58