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