Unit Test — Unit test Answers

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proportionallyprogressivelyregressively

In which situation would government regulation most likely be necessary?

A government's monetary policy is its plan to control

When a government creates a budget, it is seeking a way to

A graph titled Total U S Government Spending as Percentage of G D P from 1990-2012 has year on the x-axis and percentage of G D P on the y-axis, from 15 to 30 percent in increments of 5. The percentage of G D P is lowest at 18 percent in 2001 and highest at 25 percent in 2009.

Why is the Fed often referred to as a “lender of last resort,” or the last lender to turn to in a crisis?

Which of these is most likely the US government’s aim in taxing imported goods?

"Meeting the spending targets in this budget meant some very difficult choices."President Barack Obama,2012 Budget Message of the President

The graph shows the number of employed workers in the United States in nonfarm jobs from 2008 to 2013.

When governments inject money into the economy, which of the following are their goals? Check all that apply.reducing unemploymentimproving economic stabilityencouraging competitionlaying off striking workersimproving production

The most efficient way to ensure that producers are responsible for products is through

Rules ensuring that businesses offer safe products to consumers are part of a nation's

How is an excise tax different from a sales tax?

How are progressive taxes and regressive taxes similar?

When an economy suffers from low production, a country cannot

Which of these effects of expansionary spending would a government most want to avoid?

The Food and Drug Administration sets standards for

sales taxtariffexcise tax

In a free enterprise system, governments address public problems through policy to ensure that