Government And The Economy 3 Question Preview (ID: 18161)
Government And The Economy 3.
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Radio and television programming fall under the control of the
a) Federal Communications Commission
b) Federal Trade Commission
c) Social Security Agency
d) Environmental Protection Agency
What statement best explains why the government provides goods and services to its citizens?
a) To compete with businesses in the private sector.
b) To provide goods and services that would not be available if individuals had to provide them.
c) To make a large profit by providing certain goods and services to it's citizens.
d) To provide benefits to small groups of people in certain areas of the country.
The government enforces antitrust laws in order to
a) promote monopolies
b) promote competition
c) create private services
d) create government services
What do financial institutions do with your deposits?
a) Put it in their vault
b) Place it in other banks for safe keeping
c) Keep it in security boxes
d) Make loans
The acronym EPA represents the
a) Energy Protection Agency
b) Energy and Petroleum Agency
c) Environmental Protection Agency
d) Environmental Permission Agency
How do financial institutions obtain funds to give loans to consumers?
a) Customers deposit money into the financial institutions.
b) The Federal Reserve makes more money for financial institutions to loan.
c) Local governments give tax revenues to the financial institutions.
d) Government agencies loan money to the financial institutions.
Savings and Loans, Credit Unions, and Banks are known as?
a) Economic systems
b) Business ownerships
c) Economic Flow
d) Private financial institutions
In the United States economy, what do consumers buy from businesses?
a) Interest
b) Goods and services
c) Taxes
d) Resources
In the United States economy, there is a circular flow of what three things between households, businesses, and markets?
a) Resources, goods, and services
b) Resources, goods, and interest
c) Resources, stocks, and bonds
d) Resources, dividends, and taxes
Some of the profits a business makes are often used to buy more
a) interest
b) taxes
c) resources
d) goods and services
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