Fiscal Policy Review Pt 1 Question Preview (ID: 22196)


Questions And Vocabulary. TEACHERS: click here for quick copy question ID numbers.

Which government agency is responsible for monitoring trading and safety standards in the food and drug industries.
a) OSHA
b) FDA
c) SEC
d) EPA

Which government agency regulate the securities markets and protect investors.
a) OSHA
b) FDA
c) SEC
d) EPA

Which government agency ensures safe and healthy working conditions for American workers?
a) OSHA
b) FDA
c) SEC
d) EPA

All of these can lead to economic growth EXCEPT
a) More efficient use of resources by cutting costs
b) New technology that leads to increased productivity
c) Free trade movements
d) Increase the printing of money

Making sure that products are SAFE. Identify the role.
a) Stabilization and Growth
b) Regulation and Control
c) Direct Services
d) Direct Assistance

During an expansionary period, you would most likely find....
a) low inflation
b) declining prices
c) fewer excise taxes
d) low unemployment

What phase of the business cycle would you find high unemployment?
a) recession
b) stagflation
c) expansion
d) peak

Why is inflation bad?
a) Prices are too stable and people need more money
b) Prices are inelastic and people can't find enough substitutes
c) Prices are elastic and people can't find enough substitutes
d) Prices rise more quickly than people have money to pay for them

What amendment protects my private property?
a) 4th Amendment
b) 5th Amendment
c) 16th Amendment
d) 18th Amendment

What amendment gives Congress the right to tax?
a) 4th Amendment
b) 5th Amendment
c) 16th Amendment
d) 18th Amendment

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