
Fiscal Policy
Authored by Mrs David
Business
12th Grade
Used 2+ times

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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Corporation Tax is a tax on
Goods and Services
Subsidies
Environment
Business Profits
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Income tax is a tax on .....
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
VAT STANDS FOR
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The current VAT rate in the UK is
15%
20%
17.5%
21%
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which 2 of the ideas list below account for why a government might create a specific tax? PICK 2
To raise revenue for Government Projects, like Public Goods
To address positive externalities in the market
To address negative externalities in the market
To help increase supply within the market
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A type of tax levied on individuals who inherit the estate of a deceased person.
payroll tax
consumption tax
inheritance tax
value added tax
income tax
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economists use the definition: "A sum of money granted by the government to assist an industry" for which of the words below?
Subsidy
Tax
Extortion
Supply
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