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Chapter 11 Review
Test Description: Questions to review for Chapter 11 Quiz.
Instructions: Answer all questions to get your test result.
1) One of government’s roles is to
A
provide health care for all its citizens.
B
guarantee the safety of all citizens.
C
generate sales revenues.
D
foster economic success.
2) Intrastate commerce is overseen by
A
all of the above
B
the federal government.
C
local governments.
D
state governments.
3) The U.S. government passed antitrust laws to
A
promote competition.
B
restrict trade.
C
ensure product safety.
D
encourage monopolies.
4) The FTC stands for
A
Federal Trade Commission.
B
Fair Trademark Commission.
C
Federal Tariff Commission.
D
Fair Tax Commission.
5) In the United States, the length of a copyright term is the life of the author plus
A
25 years.
B
10 years.
C
70 years.
D
50 years.
6) No one can copy a patented product or process without permission
A
as long as the inventor is alive.
B
for 10 years after the inventor’s death.
C
for 20 years after the inventor filed his or her application with the U.S. Patent and Trademark Office.
D
until the invention is no longer in use.
7) A name, symbol, or characteristic that identifies a product is a
A
motto.
B
slogan.
C
copyright.
D
trademark.
8) Worker protection laws
A
require employers to provide health insurance.
B
impose safety requirements.
C
severely curtail outsourcing.
D
ensure that every employee earns a living wage.
9) The largest provider of services in the country is
A
telephone companies.
B
Microsoft®.
C
the oil industry.
D
the government.
10) The following are public goods except
A
shopping malls.
B
schools.
C
highways.
D
libraries.
11) Which is an example of privatization?
A
a concession stand at Yankee Stadium
B
a concession stand at a state beach
C
a high school cafeteria
D
a private high school
12) All of the following are transfer payments except
A
veterans’ benefits.
B
Social Security.
C
unemployment pay.
D
income tax refunds.
13) Local taxes pay for
A
motor vehicle departments.
B
city streets and parks.
C
defense.
D
interstate highways.
14) A tax break is
A
a suspension of taxes to provide temporary relief for the taxpayer.
B
the amount of tax levied that the taxpayer can no longer afford to pay.
C
a special benefit given to promote specific economic or social objectives.
D
is the break-even point in the calendar year for taxpayers.
15) Governments allocate resources by
A
deciding how to spend tax revenues.
B
giving political candidates money to fund campaigns.
C
giving most of the funding to the military.
D
funding nonprofit organizations on a first-come, first-served basis
*select an answer for all questions
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