
Basic Economics Quiz
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History
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Professional Development
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Myra Abo
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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of land reform?
Increase industrial growth
Reduce government spending
Encourage foreign land ownership
Redistribute land to promote equity and productivity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which Philippine law established the Comprehensive Agrarian Reform Program (CARP)?
Republic Act No. 6657
Republic Act No. 3844
Presidential Decree No. 27
Republic Act No. 6657 (Comprehensive Agrarian Reform Law)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is taxation?
A compulsory financial charge imposed by the government
A voluntary donation to the government
A form of trade restriction
A type of loan
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Eminent domain allows the government to:
Take private land for public use with just compensation
Sell public lands to private entities
Lease land indefinitely
Ban land ownership
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a type of land tax?
Income Tax
Real Property Tax
Sales tax
Value-added tax
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is land reform important in developing countries?
It reduces inequality and boosts agricultural output
It increases foreign investments
It discourages farming
It eliminates all taxes
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between progressive and regressive taxation?
Progressive taxes increase with income; regressive taxes burden the poor more
Progressive taxes are voluntary; regressive taxes are mandatory
Progressive taxes apply only to businesses
Regressive taxes are always higher
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