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CE.12-14 Test Review #1
Test Description: CE.12-14 Test Review #1
Instructions: Answer all questions to get your test result.
1) Which of the following is NOT a way that the government promotes competition?
A
Enforce anti-trust legislation
B
Engage in global trade
C
Support Business
D
Raising Taxes
2) A Senator talks about his plan to decrease pollution in his state.Which agency will most likely support his plan?
A
Environmental Protection Agence
B
Federal Trade Commission
C
Federal Bureau of Investigation
D
Federal Communications Commission
3) All of the following are reasons why the government participates in global trade EXCEPT
A
Promote World Peace
B
Promote Competition
C
Get goods we cannot produce
D
Develop Monopolies
4) Increased government spending often leads to all of the following EXCEPT
A
Growth of employment and production
B
More demand for goods and services
C
Lower taxes
D
Higher taxes
5) Which of the following is NOT a method of payment in the United States?
A
Debit cards used to access checking accounts
B
Federal Reserve Notes
C
Loans
D
Coins
6) How do federal agencies protect consumers?
A
They write contracts for customers
B
They ask the Supreme Court to research businesses
C
To establish guidelines for public health and safety
D
They approve all consumer contracts before they take effect
7) Which amendment grants Congress the power to collect taxes?
A
1st
B
5th
C
10th
D
16th
8) The Federal Reserve System is
A
the federal government's tax collector
B
accountable for legislative actions
C
the federal government's bank
D
responsible for legislative purchases
9) The government pays for public goods and services through
A
donations from foreign nations
B
revenue from lottery
C
revenue from sales and income taxes
D
donations from wealthy politicians
10) Radio and television programming fall under the control of which government agency?
A
EPA
B
FBI
C
FCC
D
FTC
11) Which of the following is true of interstate highways and national defense?
A
Owned by private companies
B
Earn money for the government
C
Provide benefits to many people
D
Offer protection to citizens
12) Colin and Isaac graduated from high school the same year.Isaac went to college,and Colin entered the workforce right out of high school.In the future,Isaac is more likely to
A
earn a higher salary
B
quit his job
C
buy a car
D
complete a self-assessment
13) Which government agency would most likely protect the American consumer?
A
Federal Trade Commission
B
Federal Communications Commission
C
Federal Bureau of Investigation
D
Environmental Protection Agency
*select an answer for all questions
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