Unit 4 Test Answers

Which body manages the Fed?

What part does interest play in deficit spending?

Which federal regulatory agency would most likely bring a civil suit against a business that broke securities laws?

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Which best describes why governments collect taxes?

Successful entrepreneurs contribute to the economy by

The EPA tries to balance protecting business interests with protecting

Articles of partnership establish

What happens when a bank is required to hold more money in reserve?

Which describes an example of the economic system known as free enterprise?

In which of the following ways do governments spend money to meet public needs? Check all that apply.by protecting the publicby arming the publicby providing health careby supporting educationby building roads and bridges

What circumstances during the early days of industrialization led to a need for reform? Check all that apply.Factory equipment was dangerous to operate.There were too few capable workers to fill positions.There was little government regulation of workplaces.A typical work shift might be twelve to sixteen hours long.It was very expensive to keep factories running.

Expansionary spending takes place when a government makes the decision to

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

What does a growing GDP per capita indicate about a country?

Among the changes that labor reformers wanted after the Industrial Revolution was

Gross domestic product (GDP) is a measure of how much a country produces. How does improved technology increase a country’s GDP?