Year 8 EAB: Government in the Market

Year 8 EAB: Government in the Market

9th Grade

•

30 Qs

quiz-placeholder

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grade 9 geography quiz Nov 2020

grade 9 geography quiz Nov 2020

9th Grade

•

25 Qs

Year 8 EAB: Government in the Market

Year 8 EAB: Government in the Market

Assessment

Quiz

•

Geography

•

9th Grade

•

Practice Problem

•

Medium

Created by

Stephen Lynch

Used 3+ times

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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In Australia, although the market generally operates efficiently, sometimes the government intervenes in the economy to improve its performance and remedy market failure. Why does the government sometimes intervene in the market?

To make the market less efficient

To improve the economy's performance and remedy market failure

To increase taxes only

To reduce competition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The government collects revenue in the form of ________.

taxes

loans

donations

gifts

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The main form of tax revenue is from ________.

income tax

sales tax

property tax

excise duty

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This income is allocated to provide the public with a range of ________.

goods and services

private investments

personal savings

foreign currencies

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Give examples of goods and services provided by the government using tax revenue.

Hospitals, schools, social welfare

Luxury cars, private jets, jewelry

Theme parks, casinos, private clubs

Designer clothes, sports cars, yachts

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the following is an example of a public service funded by taxes?

Shopping mall

Hospital

Private club

Restaurant

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Pollution can be an externality because:

it imposes costs on people who are not involved in the activity causing it.

it only affects the person or company causing it.

it always leads to higher profits for businesses.

it is always regulated by the government.

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