
EPF, Module 3, Fiscal Policy
Quiz
•
Social Studies
•
11th Grade
•
Medium
Hina Sharma
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of the President's Office of Management and Budget (OMB)?
To create laws
To prepare the federal budget
To enforce taxes
To manage public relations.
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which tax is typically not collected by the federal government?
Income Tax
Sales Tax
Corporate Tax
Excise Tax
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is a correct statement about federal revenue sources?
Social Security Taxes are not a source
Borrowing is a minor source
Individual income taxes are a major source
Corporate Income Taxes are not a source
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Fiscal Policy is controlled by...
The Government
The Federal Reserve System
The states
The Department of Commerce
5.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
The two "tools" of Fiscal Policy are:
the power to tax
the power to spend
the power to borrow money
the power to print money
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Taxing & spending to help the economy grow is referred to as
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Taxing & spending to slow the economy is referred to as
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