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CE.13 A,b
Test Description: VA SOLs
Instructions: Answer all questions to get your test result.
1) The Federal Communications Commission regulates which industry in the United States?
A
television and radio broadcast stations
B
airlines
C
energy
D
professional sports
2) The radio disc jockey on Z104 aired a portion of his/her broadcast that was inappropriate and against the law. Which governmental regulatory agency will most likely levy a fine and/or penalty against the radio station?
A
Federal Trade Commission
B
Federal Deposit Insurance Corporation
C
Federal Communications Commission
D
Consumer Protection Safety Commission
3) If the state of Virginia decided to buy and sell goods with a foreign company, which governmental regulatory agency would be required to approve the venture?
A
Interstate Commerce Commission
B
Environmental Protection Agency
C
Securities and Exchange Commission
D
Federal Trade Commission
4) What government regulatory agency monitors television programming?
A
North Atlantic Free Trade Organization (NAFTA)
B
Environmental Protection Agency (EPA)
C
Federal Communication Commission (FCC)
D
Federal Trade Commission (FTC)
5) All are ways the government promotes marketplace competition except −
A
passing and enforcing laws in order to prevent monopolies.
B
encouraging businesses to start.
C
participation in global trade.
D
limiting small business start-up loans.
6) Taxes and borrowed funds are two ways that the government provides −
A
bonuses.
B
public goods and services.
C
vacations.
D
news conferences.
7) Interstate highways, the United States military, and social services programs receive their funding from −
A
tax dollars.
B
profits.
C
private investors.
8) National Defense, Public Safety Officers, and the Postal Service are all examples of −
A
goods and services provided by the government.
B
private businesses that are owned by individuals.
C
private businesses that serve our communities.
D
goods and services we pay for on an as needed basis.
9) Public goods and services are those things the government provides for us because −
A
there is a government budget surplus.
B
everybody needs them.
C
monetary policy is not working to promote economic growth.
D
we are unable to provide them for ourselves.
10) The United States government provides certain public goods and services to many people because they −
A
are written into the Declaration of Independence.
B
are to be excluded by some when used by many.
C
would be available anyway.
D
would not be available if individuals had to provide them.
11) The government collects taxes to −
A
provide politicians' salaries.
B
encourage investments.
C
jump start a sluggish economy.
D
provide public goods and services.
12) The government produces public goods and services through −
A
interest payments.
B
tax on imported goods.
C
tariffs.
D
taxes.
13) The government pays for public goods and services through tax revenue, borrowed funds, and _____.
A
Fees
B
Donations
C
Bartering
D
Trade
*select an answer for all questions
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