
Unit VI AP Microeconomics Quiz
Authored by Anthony Renlund
Social Studies
12th Grade

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of tax is based on the quantity of a good or service?
Property tax
Excise tax
Sales tax
Income tax
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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