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Survivor Quiz 13 Review
Test Description: Review
Instructions: Answer all questions to get your test result.
1) If is often called the Banker's Bank. What is the central bank of the US called?
A
the Stock Market
B
the FED
C
the FDIC
D
The Supreme Court
2) If you are harmed by a product you can-
A
call the cops
B
Arrest the store owner
C
do nothing
D
take legal action
3) Public goods and services are those things the government provides us because-
A
the benefit many people and businesses
B
we are able to provide them for ourselves
C
monetary policy is not working
D
there is a government surplus
4) When the US Post Office delivers the mail they are providing-
A
a private good/service
B
an incentive
C
a public good/service
D
a state program
5) The right to private property is protected by
A
the First Amendment
B
government securities
C
negotiated contracts
D
the FED
6) Why does the government get involved in taxing, spending, and borrowing money?
A
In order to influence the economy.
B
to make money
C
for the fun of it
D
in order to provide jobs
7) The government pays for public goods and services using taxes, funds, fines, and-
A
bartering
B
fees
C
trading
D
donations
8) To protect consumers, federal agencies establish
A
write contracts
B
approve all consumer contracts
C
guidelines for public health and safety
D
the Supreme Court
9) Negotiated contracts are enforceable by-
A
the law
B
consumer sovereignty
C
public consent
D
people
10) The government collects taxes to-
A
pay for free college
B
jump start the economy
C
provide public goods and services
D
to encourage investments
11) National defense, public schools, public parks, the post office are examples of
A
businesses
B
private goods and services
C
government programs
D
public goods and services
12) The FED does all of the following except-
A
regulate money supply
B
control interest rates
C
regulate banks
D
collect taxes
*select an answer for all questions
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