B5C07 7.3 & 7.4 Plenary

B5C07 7.3 & 7.4 Plenary

11th Grade

11 Qs

quiz-placeholder

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B5C07 7.3 & 7.4 Plenary

B5C07 7.3 & 7.4 Plenary

Assessment

Quiz

Business

11th Grade

Medium

Created by

Alty TAMERLANOVA TAMERLANOVA

Used 1+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way the government can reduce the tax burden on low-income individuals?

By increasing tax allowances

By increasing sales taxes on essential goods.

By reducing access to public services.

By introducing flat taxes for all income groups.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a measure to narrow the income gap?

Increasing indirect taxes on essential goods

Increasing public spending on services for the lower-income population

Reducing transfer payments

Lowering tax allowances for low-income individuals

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Transfer payments such as unemployment benefits can be increased to support the low-income group directly.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Indirect taxes can be used to reduce the income gap between high-income and low-income groups by:

Providing subsidies to low-income groups

Imposing higher taxes on luxury goods consumed by high-income groups

Reducing government spending

Increasing direct taxes on all groups

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: Government spending on public housing, education, and medical services can help improve ______ and reduce inequality.

equity

inflation

exports

pollution

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by 'resource allocation' in the context of government expenditure?

Directing resources to sectors that may be underfunded or socially important.

Reducing overall government spending to balance the budget.

Increasing taxes to generate more revenue for the government.

Privatizing public assets to improve efficiency.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the effect of a balanced budget on the economy?

Highly expansionary

Mildly expansionary

Contractionary

Neutral

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