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18 Cards in this Set
- Front
- Back
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What is the main function of agencies such as the FCC, EPA, and FTC? |
Oversee the ways individuals and companies do business |
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What does the government use to provide public goods and services? |
Tax Revenue |
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A negotiated contract protects what, which is protected by law. |
Private ownership |
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True or false: The Northern Virginia veterinary clinic is an example of a public good or service? |
False |
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How does the government discourage the development of monopolies? |
Enforce anti-trust legislation |
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Name three things that are true of public goods and services. |
Provide benefits to many, not available if we had to provide them ourselves,national defense, highways |
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What can consumers do when they feel like their rights have been violated? |
Take legal action |
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Which of the three government agencies regulates television and radio? |
FCC |
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Why were consumer government agencies established? |
To protect the health and welfare of people |
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Name the three government services discussed in class. |
U.S. Air Force, Interstate Highway 95, PWCS Park Authority |
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Which amendment provides for the collection of income taxes from businesses and individuals? |
16th Amendment |
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What increases demand and may increase employment and production? |
Increased government spending |
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Name three ways that the government promotes marketplace competition. |
Supporting start-up businesses, international trade, and enforce anti-trust laws |
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Tax cuts________ the funds available for private and business spending |
Increase |
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What happens to funds available to individuals and businesses to borrow if the government increases its borrowing? |
Decreases |
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What does the government do to protect consumer rights? |
Passes laws and creates protective agencies |
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Name the three roles of the federal reserve. |
Mantain value of the dollar, regulates banks, manages money in the economy |
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Name the three forms of money used in the U.S. |
Coins, Federal Reserve notes, deposits in banks |
