
Economics
Authored by Dave Naidu
Arts
KG
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10 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is a Direct Tax?
a tax on electricity
a tax on imported goods
a tax on services
a tax on income and wealth
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A government achieves a high rate of economic growth.
How may this conflict with other government aims?
it may increase government income
it may increase incomes for the lower paid
it may increase the supply of exports
it may increase the volume of imports
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The directors of a firm have to discuss the following topics.
Which topic is least likely to be directly affected by the government's influence on the firm?
health and safety laws
the interest it pays on borrowed money
the minimum wage it must pay its workers
the replacement of the director of finance
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Direct taxes can be used to:
place the burden of tax on sellers not buyers
protect domestic industries from foreign competition
raise revenue without affecting the number of hours employees work.
redistribute incomes from rich to poor
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Brazil is a highly taxed economy. Some Brazilian economists have suggested that if the government were to cut taxes, the government would actually receive more tax revenue.
Why may cutting taxes increase revenue?
it may encourage emigration
it may increase the tax burden
it may lead to a fall in investment
it may reduce tax evasion
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is most likely to be the responsibility of a central government?
the provision of immigration officials at an airport
the provision of security cameras in a shopping centre
the provision of security staff at a bank
the provision of ticket inspectors on a train
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
When is a direct tax described as progressive?
when the government changes the basic rate of tax in each budget
when the government taxes companies rather than individuals
when the tax takes a larger proportion of earnings as earnings increase
when the tax takes a smaller proportion of earnings as earnings increase
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