Unit VI AP Microeconomics Quiz

What is a per unit tax?

• A tax that is imposed on luxury goods only.

• A tax that is only applicable to certain individuals.

• A tax that is calculated based on a percentage of income.

• A fixed amount of tax imposed on each unit of a particular good or service.

What is a lump sum tax?

• A fixed amount of tax imposed regardless of production.

• A tax that is calculated based on income and financial situation.

• A tax that is only imposed on wealthy individuals.

• A tax that is paid in installments over a period of time.

What is a per unit subsidy?

• Financial assistance provided on a per unit basis

• Financial assistance provided on a per capita basis

• A government program that provides subsidies to individuals

• A tax imposed on each unit produced

What is a lump sum subsidy?

• A payment provided for multiple purposes or projects.

• A payment provided at the end of a project or purpose.

• A monthly payment provided for a specific purpose or project.

• A one-time payment or grant provided for a specific purpose or project.

What are anti-trust policies?

• Regulations and laws to hinder competition and promote monopolies

• Regulations and laws to promote unfair competition and encourage monopolies

• Regulations and laws to promote fair competition and prevent monopolies

• Regulations and laws to regulate prices and control market share

Which type of tax is based on the quantity of a good or service?

• Property tax

• Excise tax

• Sales tax

• Income tax

Which type of subsidy is a fixed amount regardless of the quantity of a good or service?

• lump sum subsidy

• Variable amount subsidy

• Quantity-based subsidy

• Proportional subsidy

What is the purpose of anti-trust policies?

• To encourage monopolies and limit competition

• To increase prices for consumers

• To allow companies to engage in anti-competitive practices

• To promote fair competition and prevent monopolies or other anti-competitive practices.

Which type of tax is a fixed amount regardless of the quantity of a good or service?

• Excise tax

• Lump Sum Tax

• Progressive tax

• Sales tax

Which type of subsidy is based on the quantity of a good or service?

• Price subsidy

• Time subsidy

• Quality subsidy

• Per Unit Subsidy