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4-3 Government Regulation And Assisstance
Test Description: Review for first semester finial
Instructions: Answer all questions to get your test result.
1) A ____ is an organization that supplies a service or product vital to all people?
A
union
B
public utility
C
Repossession service
D
Wallmart
2) This exists when a business has control of the market for a product or service.
A
ownership
B
monopoly
C
risk
D
stock
3) ___ prevent unfair business practices such as false advertising.
A
code of conduct
B
trusting laws
C
antitrust laws
D
laws of trust
4) A government creates ______ policies to pay for the services it provides
A
schools
B
bonds
C
tax
D
radio stations
5) A _______ tax is when you get taxed on how much you make
A
property
B
income
C
gift
D
state
6) A major source of revenue for local governments is the real estate _______ tax
A
gift
B
import
C
income
D
property
7) A _____ is a state or local tax on goods and services that is collected by the seller.
A
income tax
B
sales tax
C
import tax
D
property tax
8) The government raises money by...
A
borrowing money
B
selling bonds
C
levying taxes
D
all of the above
9) A(n)____ tax is a common source of revenue for state and local governments
A
unemployment
B
sales
C
gift
D
import
10) the government borrows money by selling _____.
A
food
B
bonds
C
weapons
D
textbooks
*select an answer for all questions
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