Unit Test

Question 1

Which statement explains a way how the Securities and Exchange Commission upholds fair business practices?

Revolt · Accepted Answer

The SEC generally oversees financial advisers.

Question 2

spendingprofitdebtsaving

Revolt · Accepted Answer

spending

Question 3

The government of Country C has passed a law protecting the physical safety of factory workers. This is an example of

Revolt · Accepted Answer

regulatory policy.

Question 4

When a government decides to limit the number of goods that can be sold to another nation, that government is creating

Revolt · Accepted Answer

trade policy.

Question 5

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

Revolt · Accepted Answer

Johnson

Question 6

The diagram shows different types of policies.

Revolt · Accepted Answer

Government Economic Policies

Question 7

Many classical economists such as Adam Smith believed that government should

Revolt · Accepted Answer

intervene little in the economy.

Question 8

Occupational Safety and Health AdministrationEnvironmental Protection AgencyFood and Drug AdministrationSecurities and Exchange Commission

Revolt · Accepted Answer

Environmental Protection Agency

Question 9

Expansionary spending takes place when a government makes the decision to

Revolt · Accepted Answer

raise spending to stimulate the economy.

Question 10

On which of these are individuals required to pay income taxes in the United States? Check all that apply.wagestipsgasolinestore purchasesinvestment earnings

Revolt · Accepted Answer

wages; tips; investment earnings

Unit Test Answers

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