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

B5C07 7.3 & 7.4 Plenary

Quiz
•
Business
•
11th Grade
•
Medium
Alty TAMERLANOVA TAMERLANOVA
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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