Tax! Borrow! Spend!

A tax ____________ reduces the money available for private and business spending.

• increase

• decrease

• on cigarettes and alcohol

• percentage

A tax ____________ makes more money available for private and business spending.

• increase

• decrease

• on luxury goods

• on alcohol and cigarettes

When government borrows _______, it reduces funds available for borrowing by individuals and businesses.

• more

• less

• nontaxable funds

• the global trade

When government borrows _______, it makes more funds available for borrowing by individuals and businesses.

• more

• less

• from banks and credit unions

• a pencil

A(n) ____________ in government spending increases demand.

• increase

• decrease

• budget

• excise tax

A(n) ____________ in government spending reduces demand.

• increase

• decrease

• business

• paycheck

When government spends ________, taxes may go up.

• more

• less

• the same as previous years

• differently than previous years

When government spends ________, taxes may go down.

• more

• less

• the same as previous years

• differently than previous years

Which Amendment authorizes Congress to tax incomes?

• Sixteenth

• Fourteenth

• Twenty-Second

• Third

What does the 16th Amendment do?

• Authorize Congress to tax incomes

• Authorize Congress to provide Medicare and Social Security

• Protect a citizen's right to trial by jury in Federal Courts

• Prohibit alcohol