Review for Economics Government and Taxes Quiz

Review for Economics Government and Taxes Quiz

12th Grade

20 Qs

quiz-placeholder

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Review for Economics Government and Taxes Quiz

Review for Economics Government and Taxes Quiz

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Kathleen Horvatits

Used 3+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a government program that helps with health care costs for the elderly?

Medicare
Social Security
Medicaid
Welfare

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a long-term concern of the US government due to the national debt?

An aging population

interest payments on debt

higher interest rates

all of the choices

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a good provided by the government because it is socially desirable?

Common good
Public good

merit good

Private good

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A good provided by the government that can be used by everyone.

Exclusive good
Private good
Common good
Public good

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is usually the largest component of most STATE budgets?

Healthcare spending
Education spending
Infrastructure spending

parks and libraries

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is true of the United States budget?

Over the last 40+ years mandatory spending has increased

we have an aging population increasing Social Security and Medicare payments

Over the last 40+ years money available discretionary spending has decreased

all of the choices

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following describes the national debt?

the annual budget deficit

the total borrowing of the federal government over the years

the sum of all mortgage payments held by US citizens

the amount of credit card debt American citizens have

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