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Unit 6 = Taxes Fiscal Policy Review Flashcardizz...

Unit 6 = Taxes Fiscal Policy Review Flashcardizz...

Assessment

Flashcard

Social Studies, Other

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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53 questions

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1.

FLASHCARD QUESTION

Front

Under what circumstances might the government use contractionary fiscal policy? Options: when it is trying to increase government revenue, when it is trying to increase government spending, when it is trying to fight inflation, when it is trying to end a recession

Back

when it is trying to fight inflation

2.

FLASHCARD QUESTION

Front

Which of the following would be an appropriate caption for this political cartoon about the use of economic stimulus plans, or expansionary fiscal policy? Stimulus plans are a risky gamble., Stimulus plans are risky but rewarding., Stimulus plans are likely to pay off well., Stimulus plans are less effective than contractionary policies.

Media Image

Back

Stimulus plans are a risky gamble.

3.

FLASHCARD QUESTION

Front

How does the government of a country primarily generate its revenue?

Back

Collecting taxes from individuals and businesses

4.

FLASHCARD QUESTION

Front

How does a government decide what to spend money on?

Back

Budget

5.

FLASHCARD QUESTION

Front

Which best describes "expansionary fiscal policy"? Options: Increasing government spending and lowering taxes, Decreasing government spending and increasing taxes, Increasing government spending and increasing taxes, Decreasing government spending and lowering taxes

Back

Increasing government spending and lowering taxes

6.

FLASHCARD QUESTION

Front

Which best describes "contractionary fiscal policy"? Options: Increasing government spending and lowering taxes, Decreasing government spending and increasing taxes, Increasing government spending and increasing taxes, Decreasing government spending and lowering taxes

Back

Decreasing government spending and increasing taxes

7.

FLASHCARD QUESTION

Front

Which fiscal policy would you want to use at point 3?

Media Image

Back

Expansionary

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