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