Economics Unit 3 Post Test Government
with Complete Solutions
____ is a tool of monetary policy in which the Federal Reserve buys and sells _____. -
ANSWER-1. open market operations
2. government securities
a landscaping company has just bought 1,000 worth of pesticide for its employees to
use on the properties it services. However, the company just received a letter saying
that it now needs to spend hundreds of dollars for protective equipment for its
employees to wear when applying the pesticide. what agency is most likely responsible
for this requirement? - ANSWER-Environmental protection agency.
A severe water shortage recently hit country X. The government wants to ensure that
drinking water remains affordable to the public. What policy or steps should the
government undertake? - ANSWER-Introduce a proce ceiling on drinking water.
At one time The US government collected taxes only through _____ taxes and imports.
The ____ amendment to the constitution constitution allowed federal government to
collect taxes on income - ANSWER-1. Excise
2. Sixteenth
Based on the graph, how many people are willing to work when the government of a
country raises minimum wage from $17 to $25. - ANSWER-28
Based on the graphs, how many apartments are property owners willing to rent out at
$520 - ANSWER-25
Classify each action as expansionary or contractionary policy? - ANSWER-
Expansionary -
Reducing the discount rate
Buy government securities
Contractionary -
Increasing the federal funds rate
Increasing the required reserve ratio.
every night at 9 pm the phone rings with calls from companies you have never heard of
asking you to buy their products. You asked to stop calling you, but they refuse. Which
agency can help you with this problem? - ANSWER-Federal communications
commission.
with Complete Solutions
____ is a tool of monetary policy in which the Federal Reserve buys and sells _____. -
ANSWER-1. open market operations
2. government securities
a landscaping company has just bought 1,000 worth of pesticide for its employees to
use on the properties it services. However, the company just received a letter saying
that it now needs to spend hundreds of dollars for protective equipment for its
employees to wear when applying the pesticide. what agency is most likely responsible
for this requirement? - ANSWER-Environmental protection agency.
A severe water shortage recently hit country X. The government wants to ensure that
drinking water remains affordable to the public. What policy or steps should the
government undertake? - ANSWER-Introduce a proce ceiling on drinking water.
At one time The US government collected taxes only through _____ taxes and imports.
The ____ amendment to the constitution constitution allowed federal government to
collect taxes on income - ANSWER-1. Excise
2. Sixteenth
Based on the graph, how many people are willing to work when the government of a
country raises minimum wage from $17 to $25. - ANSWER-28
Based on the graphs, how many apartments are property owners willing to rent out at
$520 - ANSWER-25
Classify each action as expansionary or contractionary policy? - ANSWER-
Expansionary -
Reducing the discount rate
Buy government securities
Contractionary -
Increasing the federal funds rate
Increasing the required reserve ratio.
every night at 9 pm the phone rings with calls from companies you have never heard of
asking you to buy their products. You asked to stop calling you, but they refuse. Which
agency can help you with this problem? - ANSWER-Federal communications
commission.
