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Chapter 11 Review
Test Description: Questions to review for Chapter 11 Quiz.
Instructions: Answer all questions to get your test result.
1) One of government’s roles is to
A
generate sales revenues.
B
foster economic success.
C
provide health care for all its citizens.
D
guarantee the safety of all citizens.
2) Intrastate commerce is overseen by
A
local governments.
B
the federal government.
C
all of the above
D
state governments.
3) The U.S. government passed antitrust laws to
A
restrict trade.
B
encourage monopolies.
C
ensure product safety.
D
promote competition.
4) The FTC stands for
A
Federal Trade Commission.
B
Fair Tax Commission.
C
Fair Trademark Commission.
D
Federal Tariff Commission.
5) In the United States, the length of a copyright term is the life of the author plus
A
70 years.
B
25 years.
C
10 years.
D
50 years.
6) No one can copy a patented product or process without permission
A
as long as the inventor is alive.
B
for 20 years after the inventor filed his or her application with the U.S. Patent and Trademark Office.
C
until the invention is no longer in use.
D
for 10 years after the inventor’s death.
7) A name, symbol, or characteristic that identifies a product is a
A
motto.
B
copyright.
C
trademark.
D
slogan.
8) Worker protection laws
A
severely curtail outsourcing.
B
ensure that every employee earns a living wage.
C
impose safety requirements.
D
require employers to provide health insurance.
9) The largest provider of services in the country is
A
the oil industry.
B
the government.
C
telephone companies.
D
Microsoft®.
10) The following are public goods except
A
shopping malls.
B
schools.
C
highways.
D
libraries.
11) Which is an example of privatization?
A
a private high school
B
a high school cafeteria
C
a concession stand at a state beach
D
a concession stand at Yankee Stadium
12) All of the following are transfer payments except
A
income tax refunds.
B
veterans’ benefits.
C
Social Security.
D
unemployment pay.
13) Local taxes pay for
A
interstate highways.
B
defense.
C
motor vehicle departments.
D
city streets and parks.
14) A tax break is
A
is the break-even point in the calendar year for taxpayers.
B
a special benefit given to promote specific economic or social objectives.
C
the amount of tax levied that the taxpayer can no longer afford to pay.
D
a suspension of taxes to provide temporary relief for the taxpayer.
15) Governments allocate resources by
A
giving most of the funding to the military.
B
giving political candidates money to fund campaigns.
C
deciding how to spend tax revenues.
D
funding nonprofit organizations on a first-come, first-served basis
*select an answer for all questions
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