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SOL Review 13a,e,b
Test Description: Economics
Instructions: Answer all questions to get your test result.
1) The U.S. Government enforces ant-trust legislation to
A
discourage monoploies
B
increase taxes
C
discourage competition
D
encourage monolpolies
2) 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
OSHA
B
EPA
C
FTC
D
SEC
3) Taxes and borrowed funds are two ways that the government provides
A
vacations
B
public goods and services
C
new conferences
D
bonuses
4) Public goods and services are those things the government provides for us because
A
monetary policy is not working to promote economic growth.
B
there is a government budget surplus
C
we are unable to provide them for ourselves.
D
everybody needs them.
5) The right of private ownership is
A
not recognized in the Constitution
B
restricted to people age 18 and up
C
denied if you are convicted of a felony.
D
protected by contracts with the force of law
6) Protects employees from hazards at work.
A
EEOC
B
EPA
C
OSHA
D
FED
7) Protects employees from all forms of discrimination at work.
A
OSHA
B
FDA
C
FCC
D
EEOC
8) Legally binding agreement
A
guarantee
B
warranty
C
contract
D
plan
9) Land, home
A
property rights
B
consumer rights
10) Buys goods and services
A
consumer
B
producer
*select an answer for all questions
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