Answers25-26 FL-2106320-United States Government HonorsGlobal Economic Policy

Global Economic Policy — Unit test Answers

15 verified answers
1
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The primary way government raises revenue is through

A
taxes and borrowing.
B
selling public property.
C
fines for law violations.
D
charging a fee for a license.
2
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Businesses contribute to the government’s revenue by paying what kind of tax?

A
corporate
B
payroll
C
income
D
sales
3

What is the main reason the government creates regulations?

A
to keep control over what is bought and sold in the US
B
to make sure business is conducted safely and fairly
C
to monopolize what products a company can produce
D
to establish profit standards for all public services
4

Which best describes the European Union?

A
an economic policy that places tariffs on goods entering Europe
B
a trade agreement responsible for one of the world’s largest economies
C
an economic policy that lowers tariffs on goods sent from Europe to the United States
D
a trade agreement that unites all European countries with a single trading goal
5

Which of the following represents a question within higher education?

S
Should we allow new kinds of public schools to try to help students in innovative ways?
I
Is standardized testing a valid way of determining what students do and do not know?
S
Should we provide vouchers so parents can use public funds to pay for private schooling?
A
Are there better ways to help students find adequate funding for increasing tuition costs?
6

Which best describes how the federal budget is created?

A
The House proposes a budget and the president signs it into law after the Senate revises it.
B
The Congress proposes a budget and the president signs it into law after his office revises it.
C
The president proposes a budget and signs it into law after the House and Senate revise it.
D
The Senate proposes a budget and the president signs it into law after the House revises it.
7

Which agency keeps consumers safe when they open a credit card account or take out a home loan?

A
SEC- U.S. Securities and Exchange Commission
B
FDA- Food and Drug Administration
C
OSHA- Occupational Safety and Health Administration
D
CFPB- Consumer Financial Protection Bureau
8

Which is an example of a government entitlement that people are guaranteed to receive after paying into a program?

A
Social Security payments
B
healthcare services
C
transportation services
D
job placement services
9

Regulatory policies protect consumers by

A
overseeing and limiting businesses.
B
deciding how to tax and spend money.
C
controlling the supply of money.
D
providing public assistance programs.
10

Which action would most likely help group discussion participants work toward discussion goals?

A
connecting their ideas to others’ ideas
B
focusing mostly on opinions
C
speaking most of the time instead of listening
D
agreeing with what everyone says
11

Which explains how US tariffs affect the prices of Chinese and US goods?

A
They make Chinese goods cheaper and US goods comparatively more expensive.
B
They make Chinese goods more expensive and US goods comparatively cheaper.
C
They make Chinese goods and US goods roughly about the same price in the United States.
D
They make Chinese goods and US goods roughly about the same price in China.
12

What is one example of a cyberattack within the United States?

A
the hijacking of airplanes on September 11th
B
the spread of disease caused by Covid-19
C
a shortage of gasoline after an energy company is hacked
D
a lack of goods from overseas due to economic sanctions
13

The concept of the Great Society was created by which president?

R
Roosevelt
T
Truman
J
Johnson
C
Carter
14

Read the example of a party platform:We support electronic voting. We also believe in online registration: more citizens need to be able to participate in the election process.What best explains the party’s primary goal?

A
get more citizens involved in elections
B
get more citizens to vote by computer
C
get more citizens to register to vote online
D
get more citizens involved in politics
15

The best definition for foreign policy is how one country chooses to

A
control other countries.
B
trade with other countries.
C
interact with other countries.
D
support other countries.

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