Poverty, Welfare, and Taxes

________________________ is a system of taxation in which those who use a particular government service pay for it with a tax (you pay a toll when you use I-95).

• A. Benefits-received principle

• B. ability-to pay principle

• C. public good

• D. private good

A car produced in New Hampshire and bought in New Hampshire would be considered

• A. GNP

• B. GDP

• C. neither GDP or GNP

A television made in Hong Kong and bought in New Hampshire would be considered

• A. GNP

• B. GDP

• C. neither GDP or GNP

A candle made in Texas and bought in Canada would be considered

• A. GNP

• B. GDP

• C. neither GDP or GNP

A hamburger you buy at a Red Sox game would be considered a ________ good.

• A. Private

• B. public

• C. neither private or public

Students who go to Pollard School would be using a ________ service.

• A. Private

• B. public

• C. neither private or public

Route 111 is considered a ________ good.

• A. Private

• B. public

• C. neither private or public

A ________ good is a good at the final stage of production.

• A. Intermediate

• B. stable

• C. final

• D. None of the above

A base tax year is from

• A. April 15 to April 14

• B. Depends on the country’s new year

• C. Jan 1st to Dec. 31st

• D. Feb 1st to Jan 31st

An example of a durable good is

• A. Bar of soap

• B. a stock of celery

• C. pound of hamburger

• D. car