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CE 13 Review #1
Test Description: SOL Review for CE 13
Instructions: Answer all questions to get your test result.
1) Which is not a way that the government promotes marketplace competition?
A
engaging in global trade
B
increasing taxes
C
enforcing anti-trust legislation
D
supporting new businesses
2) Which of the following is NOT one of the three agencies created by the government to protect consumers?
A
Federal Communications Commission
B
Environmental Protection Agency
C
National Rifle Association
D
Federal Trade Commission
3) Who uses taxes, borrowed money, and fees to pay for public goods and services?
A
Individuals
B
The banks
C
The U.S. government
D
Businesses
4) Which statement best explains why the government provides public goods and services?
A
To provide goods and services that would not be available if individuals had to provide them
B
To make a large profit
C
To benefit only small groups of people in certain areas of the U.S.
D
To compete with the private businesses
5) Which of the following is NOT a public good or service provided by the government?
A
Gas station
B
Public libraries
C
Post office
D
Police and Fire Departments
6) Which amendment authorizes Congress to tax personal and business incomes?
A
1st
B
5th
C
14th
D
16th
7) Which of the following is NOT one of the ways the government influences economic activity?
A
Doing nothing
B
Spending
C
Borrowing
D
Taxing
8) The central bank of the United States that acts as the federal government’s bank is the...?
A
Federal Reserve System (Fed)
B
Federal Trade Commission (FTC)
C
Internal Revenue Service (IRS)
D
Environmental Protection Agency (EPA)
9) One goal of the Federal Reserve is to...?
A
Raise taxes
B
Keep inflation high
C
Give tax money to the government
D
Ensure the stability of the banking system
10) The right of private ownership is protected by...?
A
Federal Trade Commission
B
1st Amendment
C
Negotiated contracts
D
Federal Reserve
*select an answer for all questions
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