Government Intervention
Quiz
•
Social Studies
•
11th - 12th Grade
•
Practice Problem
•
Hard
Mary Castaneto
Used 57+ times
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8 questions
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1.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Also known as Price Floor
Minimum price
Maximum price
Indirect Tax
Direct Tax
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One of the advantages of maximum price control is that it is important for essential products making it more affordable to people
False
True
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Taxes that are imposed to people
Indirect tax
Direct tax
Excise tax
GST
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
According to the value tax
Excise tax
Specific tax
Excise tax
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
According to Adam Smith, a "good tax" should be...
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Are those that when income rises, the proportion of the total paid in taxes increases;
Regressive tax
Progressive tax
Proportional tax
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Using the tax table, compute for the withholding tax for a person earning 75,000 a month
8.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A situation where a person can become worse off as a result of an increase in wages because they will lose their entitlement to certain benefits are means tested
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