Economics Unit 5

Economics Unit 5

9th - 12th Grade

21 Qs

quiz-placeholder

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Economics Unit 5

Economics Unit 5

Assessment

Quiz

Social Studies, Business, Other

9th - 12th Grade

Practice Problem

Medium

CCSS
7.RP.A.3

Standards-aligned

Created by

David Dotson

Used 10+ times

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21 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Media Image

Who primarily uses our tax money? (hint: choose 2 correct answers)

Your employer

The state government

The Federal government

Local Businesses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Required charges of citizens by local, state, and federal governments are called:

charges
taxes
fees
paycheck deductions

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

The government does not have the right to force taxpayers to pay tax.

true

false

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Taxpayers are expected to accurately report all income.

true

false

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Who has the power to levy taxes?

Congress

the President

the Supreme Court

the Internal Revenue Service

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a rise in the cost of goods and services

inflation
discount rate
interest
monetary policy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fee charged by the Federal Reserve Bank for other member banks to borrow money from the FED through the discount window?

inflation

interest

discount rate

reserve requirement

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