VA SOL 11-13 Economics Review

Which is the responsibility of the Federal Trade Commission (FTC)

What chacteristic of the U.S. economy results in lower prices and better quality?

In the U.S. economy, resources are owned by _____, making them ________ ________.

The money you make after paying your costs is your

Which relationship is correct between taxes and businesses?

Which is a way the government can provide public goods and services other than tax revenue?

The Fed. does all the following EXCEPT...

What is an economic monopoly?

In the US money can take on three forms such as coins, paper currency and...

The U.S. is an example of a ____ economy, where business, individual and gov't work together

Inability to satisfy all wants at one time is:

A business with two or more owners where decisions and profits are shared is a:

The Securities and Exchange Commission (SEC) ...

The government provides public goods and services for all these reasons EXCEPT...

Who is in charge of overseeing and regulating the U.S. economy?

Highways, schools, post offices, and military are all examples of:

What is the responsibilities of the Equal Employment Opportunity Commission (EEOC)

A "buy one get one free" deal is an example of:

The amount of goods consumers want to buy at a certain price is:

A legal agreement between two or more parties is a ____.

Sherman Antitrust Act, Federal Trade Commission, and Clayton Antitrust Act are all...

The bank pays _____ on deposits (so you want to look for the highest rate!)

When government increases tax rates, what happens to money available for individual spending?

A person who takes a risk in order to make a profit is best described as:

Supply of something is reduced but demand is unchanged. What will happen to the price?