CE.12-14 Test Review #1 Question Preview (ID: 37072)


CE.12-14 Test Review #1. TEACHERS: click here for quick copy question ID numbers.

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) complete a self-assessment
b) quit his job
c) buy a car
d) earn a higher salary

Which of the following is true of interstate highways and national defense?
a) Provide benefits to many people
b) Owned by private companies
c) Earn money for the government
d) Offer protection to citizens

Radio and television programming fall under the control of which government agency?
a) FTC
b) FCC
c) EPA
d) FBI

The government pays for public goods and services through
a) donations from wealthy politicians
b) donations from foreign nations
c) revenue from sales and income taxes
d) revenue from lottery

Which amendment grants Congress the power to collect taxes?
a) 1st
b) 5th
c) 10th
d) 16th

The Federal Reserve System is
a) the federal government's bank
b) responsible for legislative purchases
c) the federal government's tax collector
d) accountable for legislative actions

How do federal agencies protect consumers?
a) They approve all consumer contracts before they take effect
b) To establish guidelines for public health and safety
c) They write contracts for customers
d) They ask the Supreme Court to research businesses

Which of the following is NOT a method of payment in the United States?
a) Federal Reserve Notes
b) Coins
c) Debit cards used to access checking accounts
d) Loans

Increased government spending often leads to all of the following EXCEPT
a) Higher taxes
b) Lower taxes
c) More demand for goods and services
d) Growth of employment and production

All of the following are reasons why the government participates in global trade EXCEPT
a) Develop Monopolies
b) Promote World Peace
c) Get goods we cannot produce
d) Promote Competition

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 Trade Commission
c) Environmental Protection Agence
d) Federal Bureau of Investigation

Which of the following is NOT a way that the government promotes competition?
a) Raising Taxes
b) Engage in global trade
c) Enforce anti-trust legislation
d) Support Business

Which government agency would most likely protect the American consumer?
a) Federal Trade Commission
b) Environmental Protection Agency
c) Federal Communications Commission
d) Federal Bureau of Investigation

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