Economics
Quiz
•
History
•
9th - 12th Grade
•
Medium

Alison Sukys
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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is fiscal policy?
the total
policy used to reduce economic growth, often through decreased spending or higher taxes
the policy under which the government uses the instruments of taxation, public spending and public borrowing to achieve various objectives of economic policy
Tax revenue used for services and growth within the country.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is revenue?
policy used to reduce economic growth, often through decreased spending or higher taxes
one in which rate of taxation decreases as the taxpayers income increases. A regressive tax takes a smaller percentage of peoples income the larger their income is.
refers to the burden of a tax on the person who pays it to the government in the first instance
Income from the government from all of its sources including income from taxes
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are expenditures?
spending by public authorities- central government, state government and local bodies- for its own maintenance and also for the meeting of collective needs of the citizens and for promoting their economic and social welfare.
Tax revenue used for services and growth within the country.
a fiscal policy used to encourage economic growth, often through increased spending or tax cuts
a fiscal policy used to reduce economic growth, often through decreased spending or higher taxes
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is consumer spending?
a fiscal policy used to encourage economic growth, often through increased spending or tax cuts
the use of governmental authority(rule or law) to control or change some practice in the private sector. Example could be a regulation set limiting the amount of chemicals being dumped into Lake Erie by companies.
household spending on goods and services
Tax revenue used for services and growth within the country.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the aggregate?
A tax is called progressive when the rate of taxation increases as the income of the consumer increases. In this tax system, the rate of tax goes on increasing with an increase in income.
one in which rate of taxation decreases as the taxpayers income increases. A regressive tax takes a smaller percentage of peoples income the larger their income is.
the total of something
spending by public authorities- central government, state government and local bodies- for its own maintenance and also for the meeting of collective needs of the citizens and for promoting their economic and social welfare.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is expansionary policy?
a fiscal policy used to encourage economic growth, often through increased spending or tax cuts
a fiscal policy used to reduce economic growth, often through decreased spending or higher taxes
the use of governmental authority(rule or law) to control or change some practice in the private sector. Example could be a regulation set limiting the amount of chemicals being dumped into Lake Erie by companies.
household spending on goods and services
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is contractionary policy?
a fiscal policy used to reduce economic growth, often through decreased spending or higher taxes
a fiscal policy used to encourage economic growth, often through increased spending or tax cuts
the total of something
Tax revenue used for services and growth outside the U.S. (could include things like humanitarian aid)
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