Role of Government

Which of the following is NOT a responsibility of the government?

• Job security

• Protection and general welfare of citizens

• Maintenance of a safe environment for investors

• Direct taxation

All the following are governmental and environmental issues EXCEPT

• green technology

• security of state

• reforestation

• zoning

An example of green technology is

• greenhouse gases

• deforestation

• hydropower

• zoning laws

An ad valorem tax is based on:

• a set amount per item

• a contribution with each wage payment

• a percentage of the value of a product

• the profits of a business

Deforestation is

• the planting of trees

• the clearing of trees

• a process of replacing trees with flowers

• an example of corporate tax

Which of the following is not taxed at source?

• purchase tax

• income tax

• corporate tax

• capital gains tax

A _______ is a compulsory payment levied on individuals and businesses by the government.

Under this system all tax payers pay the same percentage of their income as tax to the government.

• Progressive

• Regressive

• GCT

• Proportional

Which of the following is not a example of indirect taxation?

• Value Added Tax

• Purchase tax

• Customs Duties

• Stamp duties

All are purposes of taxation EXCEPT:

• to increase unemployment

• to influence the consumption of goods or services considered to be harmful

• to achieve greater equality

• to provide income for the government