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Federal Government & the American Economy Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. Which of the following is a sign of a healthy economy?

Question 2 2. What is the primary reason why the government would provide you with a tax rebate as part of stimulus fiscal policy?

Question 3 3. Which of the following is paid for using federal tax dollars?

Question 4 4. Which of the following best describes the politics of government intervention in the economy of the United States?

Question 5 5. Price gouging is a practice that is restricted by the government because of which of the following reasons?

Page 2

Question 6 6. Which of the following is most accurate regarding the relationship between economists and fiscal policy?

Question 7 7. Income taxes are paid using what method?

Question 8 8. Which of the following is an example of the government protecting property rights?

Question 9 9. Using taxes and spending to influence the economy can best be described as which type of philosophy?

Question 10 10. Why would the government intervene in the case of a monopoly?

Page 3

Question 11 11. Which level of government relies mainly on property taxes?

Question 12 12. Which of the following is a feature of the federal income tax in the United States?

Question 13 13. How does government implement fiscal policy?

Question 14 14. For the majority of states, where does revenue originate for state level government?

Question 15 15. In which of the following ways does the government become involved in the economy?

Federal Government & the American Economy Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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