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CE. 13 A,B,C,D,E,F
Gov't Involvement in U.S. Econ, Fed. Reserve, Money
| Question | Answer |
|---|---|
| The U.S. government promotes marketplace competition by enforcing ___ legislation to discourage the development of ___. | Antitrust Monopolies |
| The U.S. government promotes marketplace competition by engaging in ___ trade. | Global |
| The U.S. government promotes marketplace competition by supporting ____ start-ups. | Business |
| The Federal ___ Commission (FCC) regulates businesses in the field of broadcasting. | Communications |
| The ___ Protection Agency (EPA) protects the air, water, and soil from pollution. | Environmental |
| The Federal ___ Commission (FTC) protects consumers from false advertising and truth in labeling by businesses. | Trade |
| The government provides public goods and services to many people ____. | Simultaneously |
| If the government did not provide public goods and services they would not be available because people would not - | be able to provide them for themselves |
| Three examples of public goods and services provided by the national government are - | Interstate Highways Postal Service National Defense |
| The government pays for public goods and services through what three sources of revenue? | Taxes Borrowing Fees |
| What are the three main sources of tax revenue for the national, state, and local governments? | Income Sales Property |
| The government borrows money through what two sources? | Bonds Loans |
| An example of the fees the government collects is - | Park Entrance Fees |
| What authorizes the government to tax personal and business incomes? | Sixteenth Amendment |
| The effect of government taxes effect individual and business spending like a see-saw. Therefore if the government increases taxes the effect on spending ability is that it ___. Whereas if taxes decrease the effect on spending ability causes it to ___. | Decrease Increase |
| The effect of government borrowing has a see-saw effect on the ability of individuals and businesses to borrow. If government increases the amount it is borrowing the effect on other borrowing is ____. | Decreased |
| The effect of government borrowing has a see-saw effect on the ability of individuals and businesses to borrow. If the government decreases the amount it is borrowing the effect on borrowing is ____. | Increased |
| If the government increases it spending what three aspects of the U.S. economy will also increase? | Demand Employment Production |
| Increased government spending may result in higher ____ for individuals and businesses to pay. | Taxes |
| Decreased government spending reduces ___ which may result in a ____ of the economy and in lower ___ for individuals and businesses to pay. | Demand Slowing Taxes |
| The ___ ____ is the central bank of the United States. | Federal Reserve |
| One duty of the Federal Reserve is to maintain the value of our national ___. | Currency |
| One responsibility of the Federal Reserve is to regulate banks to ensure the soundness of the ___ ___ and the safety of ___. | Banking System Deposits |
| The Federal Reserve manages the amount of ___ in the economy to try to keep ___ low and stable. | Money Inflation |
| What acts as the Federal government's bank? | Federal Reserve |
| Individuals have the right to own private property in the United States which is protected by ____ ____ that are enforceable by law. | Negotiated Contracts |
| Government ____ establish guidelines that protect public health and safety. | Agencies |
| Which government agency makes sure the medicines we take and the food we eat are safe? | Food and Drug Administration |
| Which government agency recalls goods that may be dangerous to our safety? | Consumer Product Safety Commission |
| If their rights are violated consumers can take - | Legal Action |
| The United States government issues ___ to facilitate the exchange for goods and services. | Money |
| People in the United States accept the coins and currency issued by the government because they have ___ in the government. | Confidence |
| The three types of money used in the United States are - | Coins Federal Reserve Notes Deposits in Bank Accounts |
| Federal Reserve notes are also called ____ or paper money. | Currency |
| The money we deposit in bank accounts can be accessed by what two methods? | Checks Debit Cards |
Created by:
rvanord
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