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CE 13 Review #2
Test Description: SOL Review for CE 13
Instructions: Answer all questions to get your test result.
1) Consumers who feel their consumer rights have been violated have the right to...?
A
refuse to pay for the good or service.
B
Take matters into their own hands
C
Demand that the government revoke the company's license.
D
Take legal action.
2) What are consumer rights?
A
The protection buyers have upon buying a product or service.
B
Customers are always right.
C
The protection buyers have when in a law suit.
D
House fire protection.
3) The American Government issues money to...?
A
become a self-sufficient nation.
B
allow the exchange of goods and services.
C
allow everyone to be equal.
D
compete against the Chinese currency.
4) Which of the following are NOT types of money used the U.S.?
A
Banks
B
Coins
C
Deposits in banks
D
Federal Reserve Note
5) Higher taxes are usually a result of...
A
Decreased government spending
B
Increased government spending
C
Increased consumer spending
D
Increased global trade
6) When the government decreases borrowing, what is most likely to happen?
A
Consumers and businesses have more funds to borrow.
B
Government shuts down
C
Nothing happens.
D
Consumers and businesses have less funds to borrow.
7) Which of the following is NOT a way that the government gets money to provide public goods and services?
A
Through borrowing money
B
Through fees
C
Through donations
D
Through taxes
8) A poster with 'Save our Planet' would most likely be associated with what agency?
A
FCC
B
EPA
C
FTC
D
NRA
9) What happens when the government lowers taxes?
A
Consumers and businesses have less money to spend.
B
Pollution increases
C
Global trade decreases
D
Consumers and businesses have more money to spend.
10) What happens when the government decreases spending?
A
Production increases
B
Taxes and employment decrease
C
Nothing happens
D
Taxes and employment increase
*select an answer for all questions
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