Economics - Regulatory Agencies

12 Questions

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Economics - Regulatory Agencies

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Questions and Answers
  • 1. 
    The Central Bank of the United States.  They conduct monetary policy.
    • A. 

      Reserve requirement

    • B. 

      Interest Rates

    • C. 

      Federal Reserve system

    • D. 

      Open-Market operations

  • 2. 
    The price paid for borrowing money for a long period of time is the:
    • A. 

      Reserve requirement

    • B. 

      Interest Rate

    • C. 

      Federal Reserve system

    • D. 

      Open-Market operations

  • 3. 
    The percentage of funds that banks are required to keep on deposit is the:
    • A. 

      Reserve requirement

    • B. 

      Interest Rates

    • C. 

      Federal Reserve system

    • D. 

      Open-Market operations

  • 4. 
    When the FED buys or sells government securities (bonds), it is known as:
    • A. 

      Reserve requirement

    • B. 

      Interest Rates

    • C. 

      Federal Reserve system

    • D. 

      Open-Market operations

  • 5. 
    Which of these is a characteristic of a market economy?
    • A. 

      Business owners have very few rights

    • B. 

      Competition between businesses

    • C. 

      Government controls factors of production

    • D. 

      Government sets prices for goods and services

  • 6. 
    This is a tax that helps pay for a retirement pension for the elderly. 
    • A. 

      Social Security

    • B. 

      Medicare

    • C. 

      Medicaid

  • 7. 
    This helps to provide medical care for those who cannot afford it. 
    • A. 

      Social Security

    • B. 

      Medicare

    • C. 

      Medicaid

  • 8. 
    This helps to provide medical care for the elderly. 
    • A. 

      Social Security

    • B. 

      Medicare

    • C. 

      Medicaid

  • 9. 
    "A recall has been issued on seat belts in all Toyota vehicles from 2005-2007.'This headline would have probably been issued by which agency? 
    • A. 

      Consumer Product Safety Commission

    • B. 

      Occupational Health and Safety Administration

    • C. 

      Center for Disease Control

    • D. 

      Federal Aviation Administration

  • 10. 
    "Recent Ebola breakout in West Africa reaches the United States.'This headline would have probably been issued by which agency? 
    • A. 

      Consumer Product Safety Commission

    • B. 

      Occupational Health and Safety Administration

    • C. 

      Center for Disease Control

    • D. 

      Federal Aviation Administration

  • 11. 
    "Worker at local factory slips on floors.  Lawsuit pending.'This headline would have probably been issued by which agency? 
    • A. 

      Consumer Product Safety Commission

    • B. 

      Occupational Health and Safety Administration

    • C. 

      Center for Disease Control

    • D. 

      Federal Aviation Administration