CE 13A-C The U.S Econmony Part 1 Question Preview (ID: 46636)


U.S Market Place Competition, Public Goods And Services And Taxation. TEACHERS: click here for quick copy question ID numbers.

The government both promotes and regulates ___
a) Competition
b) Music
c) Free Market
d) Choice

The government promotes competition by enforcing ________ legislation to discourage the development of monopolies.
a) Choice
b) Antitrust
c) Competition
d) Consumer Sovereignty

Which of one of the four following government agencies DOES NOT oversee the way individuals and companies do business?
a) FTC (Federal Trade Commission)
b) EPA (Environmental Protection Agency)
c) FCC (Federal Communication Commission)
d) CIA (Central Intelligence Agency)

The government provides public goods and services which of the following is not a public good and services?
a) Interstate Highways
b) National Defense
c) Postal Service
d) Internet Service

Public goods and services provide benefits to many simultaneously, but would not be available if ____________ had to provide them.
a) Businesses
b) Other Governments
c) Individuals
d) Charity Groups

How do governments get the money to produce public goods and services?
a) Through Taxes and Borrowed Funds
b) By selling land
c) Holding fundraisers
d) Starting a Go Fund Me Page

What Amendment to the Constitution gives Congress the authority to tax personal and business incomes?
a) 3rd
b) 27th
c) 1st
d) 16th

Government can _____ ___ to increase funds for private and business spending.
a) Spend Less
b) Spend More
c) Increase Taxes
d) Decrease Taxes

The government can ___, ___, and ___ to influence economic activity.
a) Tax, Borrow and Spend
b) Tax, Borrow and Beg
c) Tax, Borrow and Save
d) Tax, Borrow and Refinance

Government ____ _____ reduce the funds available for private and business spending.
a) Decrease Taxes
b) Increase Taxes
c) Spend More
d) Spend Nothing

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